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06-12-2024 02:56 PM | Source: PR Agency
Quote on the RBI Monetary Policy Committee Announcement by Mr. Kaushal Agarwal, Co-Founder and Director at The Guardians Real Estate Advisory

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Below the Quote on the RBI Monetary Policy Committee Announcement by Mr. Kaushal Agarwal, Co-Founder and Director at The Guardians Real Estate Advisory

 

“The RBI's decision to keep the repo rate unchanged and lower the CRR shows strategic efforts to balance more cash flow with inflation control. Reducing the CRR to 4% allows banks to lend more, which is a positive step for the real estate sector. Although a cut in the repo rate would have given an extra push to housing demand, the current steps still create favorable conditions for growth. The revised GDP forecast of 6.6% for FY25 shows we need to be hopeful but careful as the economy changes. Real estate, which plays a big part in the economy, will gain from sustained liquidity and supportive policies that make housing more affordable and boost buyer trust. If we keep focusing on it, this sector can help make the economy stronger.”

 

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