News18 - RBI Repo Rate News Live
RBI Repo Rate Hike: Here's How Real Estate Sector Reacts
Praveen Jain, President, NAREDCO, said, “The festive season is a very important period for the real estate sector, and stability in interest rates during this period remains positive for homebuyers. However, it is also important to control inflationary pressures and maintain stability in the economy. In this context, the 25 bps increase in the repo rate should be viewed in the context of the broader economic conditions. Housing demand remains strong at present. We expect the impact of this increase on the residential market to remain limited, supported by strong buyer sentiment, festive demand and the long-term need for homeownership. The real estate sector will continue to demonstrate strength and resilience in maintaining its current momentum.”
