Quote on RBI MPC Outcome By Mr. Aman Sarin, Director & Chief Executive Officer, Anant Raj Limited
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Below the Quote on RBI MPC Outcome By Mr. Aman Sarin, Director & Chief Executive Officer, Anant Raj Limited
We welcome the Reserve Bank of India's (RBI) decision to keep the policy rate unchanged to maintain economic growth and keep inflation under control. This decision fosters a stable economic environment, which is crucial for sustained development.
We believe that stable interest rates are particularly beneficial for the real estate sector. When interest rates remain steady, home buyers can plan their purchases without the uncertainty of potential rate hikes. The cost of borrowings too remains stable, thus, the cost of construction.
In the forthcoming RBI Monetary Policy, we hope the positive trend continues and expect favorable news for homebuyers specially in the Affordable and middle class housing.
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