Quote on RBI Monetary Policy Committee Meeting by Mr. Kaushal Agarwal, Chairman of The Guardians Real Estate Advisory
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Below the Quote on RBI Monetary Policy Committee Meeting by Mr. Kaushal Agarwal, Chairman of The Guardians Real Estate Advisory
"The Reserve Bank of India's decision to keep the repo rate at 6.5% for the fifth time in a row is a positive move for the real estate sector." With borrowing rates remaining constant, both the residential and commercial property sectors stand to benefit, promoting long-term growth in house sales. The decision is in line with the present economic climate, promoting affordability and potentially increasing demand. While a rate drop could have increased progress, the stability creates a favourable climate for the real estate industry and has a favourable impact on total consumer expenditure and economic growth." Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory
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