Quote on RBI Monetary Policy Comittee Sharad Mittal, Founder & CEO, Arnya RealEstates Fund Advisors
Below the Quote on RBI Monetary Policy Comittee Sharad Mittal, Founder & CEO, Arnya RealEstates Fund Advisors
“The RBI’s 25 bps rate hike and shift to a calibrated tightening stance mark a clear move towards managing inflation risks while preserving the underlying strength of the economy. For the real estate sector, the immediate impact is likely to be a marginal increase in the cost of capital, but the sector enters this phase with stronger fundamentals and resilient end-user demand. In the near term, construction cost escalation due to supply-side shocks resulting from geopolitical uncertainties is more important for the real estate sector than a 25-50 bps increase in interest rates and its potential impact on end-user demand. In the medium term, India’s robust growth outlook is expected to sustain the real estate growth momentum.”
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