businessworld.in-Real Estate Sector Awaits Liquidity Boost, Affordability Measures
The Reserve Bank of India (RBI) announced its fifth bi-monthly monetary policy for FY25 on 6 December 2024. The Monetary Policy Committee (MPC), led by Governor Shaktikanta Das, has maintained the benchmark repo rate at 6.5 per cent for the eleventh consecutive time. This neutral stance reflects the RBI's focus on balancing inflation management and economic growth amidst global uncertainties and domestic inflationary pressures.
Prashant Sharma, President of NAREDCO Maharashtra, praised the RBI’s stability-oriented approach, saying, “The RBI’s decision to maintain the repo rate at 6.5 per cent for the eleventh consecutive meeting reflects a measured approach to managing inflation without hampering economic growth. The neutral stance provides much-needed stability in the financial markets, which is crucial for the real estate sector. The unchanged rates will help maintain buyer sentiment, especially in the affordable and mid-segment housing categories. However, the industry continues to look forward to more government support, such as tax benefits and incentives, to further boost housing demand.”
