Reaction on RBI Monetary Policy by Piyush Bothra, Co-Founder and CFO, Square Yards
![](https://portfolio.investmentguruindia.com/uploads/news/Piyush Bothra.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below the Reaction on RBI Monetary Policy by Piyush Bothra, Co-Founder and CFO, Square Yards
Interest rates significantly influence consumer sentiments, particularly affecting the majority of buyers in the low-to-mid segment. The current market upcycle is driven by the premium segment, which is relatively less sensitive to minor interest rate changes. Hence, the central bank's decision to maintain the status quo is a bit disappointing. A reduction in the benchmark rates would have been ideal as it would have given further buoyancy to the real estate market, especially in the low-to-mid segment, and would have helped a lot of first-time home buyers realize their dream of owning a house.
Although the FY25 forecast for economic growth has been upwardly revised to 7.2% from 7%, and inflation is expected to remain within the target band of 2-6%, signaling towards a positive macroeconomic scenario that will buoy the homebuyer sentiments. Given the current outlook, we anticipate the demand momentum to remain strong in property markets across all major cities in India.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/ITSector27Feb.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Firstsource Solutions Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_summer vacation_47.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Power Sector_040424.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indian Railways_54.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ICICI Direct IMAGE.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/shrey jain.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Advisory.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/persistent37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/indianshare1.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/RBI_01.01.24.jpg)
MPC quote from Dr. Poonam Tandon, Chief Investment Officer at IndiaFirst Life Insurance Company
![Comment on RBI Monetary Policy by Mr Shrey Jain Founder and CEO of SASOnline - a deep discount broker on RBI credit policy](https://portfolio.investmentguruindia.com/uploads/news/Shrey Jain.jpg)
![RBI Monetary Policy Note by Puneet Pal, Head - Fixed Income, PGIM India MF](https://portfolio.investmentguruindia.com/uploads/news/Puneet Pal, Head - Fixed Income PGIM India MF.jpg)
![Central Banks Boost Gold Reserves in August: Sustained Trend of Healthy Demand Emerges by Amit Gupta, Kedia Advisory](https://portfolio.investmentguruindia.com/uploads/news/gold 2.jpg)