Quote on RBI Monetary Policy Committee Announcement by Mr. Kaushal Agarwal, Director and Co-Founder at The Guardians Real Estate Advisorys
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Below the Quote on RBI Monetary Policy Committee Announcement by Mr. Kaushal Agarwal, Director and Co-Founder at The Guardians Real Estate Advisory
"We believe that the Reserve Bank of India’s decision to keep repo rates unchanged while shifting its stance to 'neutral' is a positive move for the real estate sector. As interest rates have been reduced by many central banks worldwide, the change in stance indicates that the RBI is preparing to follow a monetary policy that is in sync with the global trend. This is good news for home loan borrowers, as their EMIs will remain constant for now and may decline in the near future. This move is especially encouraging for first-time buyers, allowing them to plan better without the concern of rising interest costs.
Additionally, the 'neutral' stance indicates flexibility in future policy decisions. We believe that, banks and NBFCs may tend to soften their rates in the coming quarters. With the festive season around the corner, this stability is expected to boost demand in the real estate market, as buyers will feel more confident in making long-term investments. This decision helps maintain affordability, making it easier for consumers to buy property."
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