Quote on RBI Repo Rate Reaction by Mr. Sanjay Dutt, MD and CEO, Tata Realty and Infrastructure Ltd
Below the Quote on RBI Repo Rate Reaction by Mr. Sanjay Dutt, MD and CEO, Tata Realty and Infrastructure Ltd
"The RBI’s decision to reduce the repo rate by 25 basis points to 5.25% with a 'neutral' stance is a decisive and welcome move that perfectly aligns with the current macroeconomic sweet spot. With October’s CPI inflation cooling to a historic low of 0.25%, the central bank had the necessary headroom to prioritize growth without compromising stability.
For the real estate sector, this is a significant sentiment booster as we head into the final quarter of the financial year. This reduction will likely push home loan interest rates further below the 8% mark, effectively increasing affordability and borrowing power for fence-sitters in the mid-income and premium segments. Coming on the back of the festive season and the excitement of new year, this rate cut acts as a catalyst that will convert enquiries into closures, helping sustain the sales momentum we have built over the last two quarters."
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