2024-04-05 02:52:15 pm | Source: PR Agency
Reaction on RBI Policy by Mr. Vimal Nadar, Senior Director & Head, Research at Colliers India
Below the Reaction on RBI Policy by Mr. Vimal Nadar, Senior Director & Head, Research at Colliers India
"In a testament to stability, the Reserve Bank of India has maintained the repo rate at 6.5% for the 7th consecutive time in its first MPC meeting for FY2025. Against the backdrop of inflation cooling down in recent months and a projected GDP growth rate of 7% for FY2025, the decision to uphold benchmark lending rates reinforces investor confidence.
For the real estate sector, the decision offers a sense of continuity and predictability. It also provides a solid foundation for future investment and development initiatives. Developers and investors can capitalize on the conducive environment to explore new opportunities and drive innovation in the market. Moreover, unchanged lending rates continue to present EMI dependent buyers a rational opportunity to fulfil their home-ownership aspirations. With anticipation of rate cuts in the ongoing fiscal year, the momentum in residential segment is likely to persist.”
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