RBI status quo on interest rates to boost demand for realty sector: CEOs

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RBI status quo on interest rates to boost demand for realty sector: CEOs - Business Standard

Quick Summary:

The real estate majors welcomed the Reserve Bank of India's (RBI) move to keep its key rates unchanged.

With interest rates staying steady, EMIs will remain manageable for current and potential homeowners, potentially leading to increased home sales - particularly in the price-sensitive affordable segment," said Puri.

Samyak Jain, director at the Siddha Group, stated that the stand "reflects a positive approach towards sustaining economic growth while keeping inflationary pressures in check.