08-02-2024 11:29 AM | Source: PR Agency
Quote on post RBI policy announcement and how it will have affordable houses and real estate market by Mr. Chandresh Vithalani, Palladian Partners Advisory LLP

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel


Download Telegram App before Joining the Channel

Below the quote on post RBI policy announcement and how it will have affordable houses and real estate market by Mr. Chandresh Vithalani- Director Palladian Partners Advisory LLP


"The Reserve Bank of India's decision to maintain the Repo rate at 6.5% for the sixth consecutive time, alongside the moderation of inflation to 5.5% from April to December 2023, serves as a cornerstone for reducing market volatility and enhancing affordability within the real estate sector.

This move reflects a deep understanding of the need for economic stability, which is paramount for the growth and confidence of both developers and investors. By keeping the Repo rate steady in the face of global uncertainties, the RBI has provided a predictable financial environment, allowing for more strategic planning and investment in real estate projects.

Furthermore, the decrease in inflation rates brings into focus the critical aspect of affordability, making home ownership more accessible to a larger segment of the population. With CPI inflation projected to stabilize at 5.4% for FY24, and an even more optimistic projection of 4-5% for the current quarter, we are looking at a robust real estate year ahead.

This environment not only boosts buyer confidence but also stimulates sustainable growth in the real estate market, ensuring that investments made today will yield positive outcomes in the future"


Above views are of the author and not of the website kindly read disclaimer