Reaction on RBI Policy by Mr Ashwin Chadha, CEO, India Sotheby's International Realty
Below the Reaction on RBI Policy by Mr Ashwin Chadha, CEO, India Sotheby's International Realty
Once again, the RBI has maintained its policy rates, aligning with expectations. However, the encouraging news is that inflation has decreased over the past couple of months, while growth prospects have improved.
Economic growth has remained robust, evidenced by the above-expected GDP growth during Q3 FY’24. Recently, the World Bank also revised India's FY25 growth projection upwards to 6.6%, with FY24 GDP estimated at 7.5%.
This strong growth trajectory is expected to sustain adequate demand, particularly in the luxury segment of the real estate market.
Stable rates are poised to support the housing market, and we anticipate a potential reduction in interest rates in the upcoming MPC meetings.
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