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Below the reaction to the RBI Policy Vimal Nadar, Senior Director & Head of Research at Colliers India

On anticipated lines, RBI has continued to maintain the status quo on benchmark lending rates for the fourth consecutive time. A steady repo rate of 6.5% since February, has been providing relief for EMI-dependent homebuyers, especially in these times of elevated inflation levels. With developers likely to bring in festive offerings in the next few months, a stable financing environment will drive housing sales across categories. Overall festive tailwinds, the accommodative stance of RBI and ongoing freebies offered by various financial institutions & developers will keep the momentum in the residential segment strong for an upbeat 2023. Fence sitters and first-time homebuyers are likely to remain highly active across residential hotspots of major Indian cities.

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