Reaction on the RBI Monetary Policy by Mr Vimal Nadar, Head of Research, Colliers India

09-10-2024 11:56 AM | Source: Colliers India

Reaction on the RBI Monetary Policy by Mr Vimal Nadar, Head of Research, Colliers India

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Below the Reaction on the RBI Monetary Policy by Mr Vimal Nadar, Head of Research, Colliers India

While RBI has kept the benchmark lending rates unchanged at 6.5%, a change in stance from “withdrawal of accommodation” to “neutral” indicates its clear direction for a possible reduction in interest rates in the foreseeable future. This ongoing stability in repo rate should provide a significant thrust to residential real estate during these festive months as home loan interest rates are likely to remain steady.

Typically, Q4, marked by higher inclination of homebuyers to wrap-up property purchases during the auspicious period combined with instantaneous liquidity benefit aided by developers offering attractive discounts, has historically provided the final push to housing sales across the major markets in the country. Additionally, steady borrowing costs and recent extension of Input Tax Credit (ITC) by the Supreme Court can potentially benefit property developers engaged in construction of commercial office buildings.

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Reaction on the RBI Monetary Policy by Mr Vimal Nadar, Head of Research, Colliers India

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