New Delhi, Delhi, 8th of August, 2024 :
Mr. Aman Sarin, Director & Chief Executive Officer, Anant Raj Limited
We welcome the Reserve Bank of India’s (RBI) decision to keep the policy rate unchanged to maintain economic growth and keep inflation under control. This decision fosters a stable economic environment, which is crucial for sustained development.
We believe that stable interest rates are particularly beneficial for the real estate sector. When interest rates remain steady, home buyers can plan their purchases without the uncertainty of potential rate hikes. The cost of borrowings too remains stable, thus, the cost of construction.
In the forthcoming RBI Monetary Policy, we hope the positive trend continues and expect favorable news for homebuyers specially in the Affordable and middle class housing.
Mr. Mohit Jain, Managing Director, Krisumi Corporation :
“While a rate cut would have been an ideal scenario to propel economic growth across industries including real estate, maintaining the status quo will help prevent borrowing cost from rising, enable affordability, propel the residential demand and boost the overall economy. The RBI’s endeavour to maintain a stable policy environment will benefit not just homebuyers but also real estate developers who have the opportunity to innovate and cash in on the buoyancy.”
About The Author
More Stories
DBS Bank India Launches Aspire With Zero Forex Mark-Up On Debit Card And Up To 5% Interest On Savings.
The Raymond Shop, Ghaziabad: Redefining Men’s Fashion With Variety And Precision.
Reliance Foundation’s ‘Water4Life Campaign’ Leads Thousands Across India In A Volunteer-Driven Nationwide Movement.