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Below Quote on expectations from the upcoming RBI MPC announcement by Mr. Shishir Baijal, International Partner, Chairman and Managing Director, Knight Frank India

Commenting on the upcoming RBI MPC announcement, Shishir Baijal, International Partner, Chairman and Managing Director, Knight Frank India, said, “The real estate sector expects the RBI to maintain status quo on interest rates while retaining accommodative stance to support demand. While lower rates would have been beneficial, especially in lower and mid-income housing, stable interest rates are more important for buyer sentiment amid geopolitical and economic uncertainties arising from escalating West Asia crisis. In this backdrop, the RBI’s focus on macroeconomic and currency stability will be seen as a positive and reassuring signal for the sector, as well as for the economy.”

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