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Real Estate Sector Boomed Due to RBI Decision, Home Buyers Will Benefit

Sagar Patel

By Sagar Patel

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The kind of decisions taken in the first RBI MPC meeting after the elections in the country will bring happiness to millions of home buyers in the country. The Monetary Committee of the Reserve Bank of India has once again decided not to increase the repo rate. The repo rate will not increase for the eighth consecutive time. This news of relief has been welcomed by both home buyers and real estate dealers. He says this decision will definitely strengthen the sector. With the strength of the sector, emphasis will be placed on creating more employment opportunities and people considering buying a home will benefit the most.

The Reserve Bank of India decided to keep the policy rate unchanged for the eighth consecutive time. This was announced by RBI Governor Shashikant Das. This means there will be no increase in home loan EMI. The repo rate again remained unchanged, so banks will not make any change in their lending rates. So your EMI will remain the same for now. Following this announcement by the RBI, real estate developers expressed their joy and said that this decision will benefit both the real estate market and home buyers. Different giants of the real estate sector have given their respective reactions, terming this measure of the RBI as better.

The affordable sector needs intervention

Manoj Gaur, Chairman, CREDAI NCR and CMD, Gaur Group, says, “Though a slight reduction in the repo rate could have further boosted the real estate sector’s enthusiasm, we welcome the RBI’s decision not to change the interest rate. . One area of ​​concern is the affordable housing sector, which definitely requires intervention. Overall, this is a welcome decision, and the move is welcomed by the property market, which is experiencing an unprecedented boom with unsold stock at an all-time low. This decision supports the growth and sustainability of the sector.

This step will reduce the financial burden.

SKA group director Sanjay Sharma said the RBI’s decision to keep the repo rate at 6.50 per cent for the eighth consecutive time is a positive step towards reducing the financial burden on potential buyers. This decision is a good step in providing a significant incentive to potential buyers in the commercial sector to move forward with the purchase of their properties. The RBI’s decision will undoubtedly boost affordable and mid-range commercial projects. Sanchit Bhutani, MD, Group 108, says, “The RBI has again taken a commendable step by keeping the repo rate stable for the eighth consecutive time. The stable buyback rate gives confidence to investors and home buyers. This stability directly impacts the growth of the real estate sector, which in turn contributes significantly to India’s GDP and future growth prospects.

Enthusiasm will increase among buyers

According to Ankush Kaul, chief commercial officer, Ambience Group, “the RBI has kept the repo rate at 6.5 per cent for the last 16 months. This rate has been taken into account by the real estate sector for a long time. The stabilization of rates has created a distinct enthusiasm and confidence among potential buyers. As the festive season approaches, this sector will encourage buyers to invest in both residential and commercial sectors. Amit Modi, director of the County Group, says the RBI has taken a welcome step by keeping the repo rates unchanged at 6.50%. The measure is beneficial for both developers and potential buyers who want to invest in this area. Pawan Sharma, MD, Trisol Red, says the RBI’s decision to keep the repo rate at 6.5% is expected to lead to positive growth in the real estate market. Despite rising housing costs, unchanged home loan rates provide some relief to potential home buyers.

increased consumer confidence

According to Nayan Raheja of Raheja Developers, the real estate sector has benefited in many ways from the RBI’s decision to keep the repo rate unchanged at 6.5% for the eighth time. Consumer confidence comes first in this. Stable interest rates increase confidence, making home buying more attractive and affordable. Apart from this, real estate becomes a more attractive investment compared to volatile alternatives, thus encouraging domestic and foreign investment. Ansal Housing Director Kushagra Ansal believes that the RBI’s decision to maintain the repo rate will have a positive impact on the residential market. Despite rising housing costs, stable mortgage loans provide some relief to potential buyers. As a result, stable interest rates benefit both buyers and developers, thereby increasing consumer confidence.

RBI’s concrete steps towards the economy

Ashvinder R. Singh, Co-Chairman, CII NR Real Estate Committee and CEO, Bharatiya Urban, said, “RBI’s decision to maintain the repo rate at 6.50% is a strategically sound move that strengthens stability and confidence in the real estate market. This policy stance not only maintains the current growth trajectory, but also improves affordability for prospective homebuyers and commercial real estate investors. Ashwini Kumar, Pyramid Infratech, says keeping the repo rate at 6.50 per cent by the RBI will benefit developers and potential buyers investing in the real estate sector.

The sector has already performed well in recent years and the decision to keep the repo rate stable will benefit both potential buyers and developers. Mohit Goyal, MD, Omaxe Group, says, “By keeping the repo rate at 6.50% for the eighth consecutive time, the RBI has once again provided relief to both buyers and developers. Significant growth is being seen in the real estate sector, where people’s interest in the mid-range, premium and luxury housing segments has increased. Stable lending rates will benefit potential buyers and maintain public confidence in the authority. We are hopeful that this positive step will move the real estate sector forward, benefiting both buyers and developers.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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