ET Now - RBI policy review no impact on home loan emi as repo rate kept unchanged sets positive tone for the realty sector.
RBI MPC August 2024, Real Estate News: Experts Speak
G Hari Babu, National President of NAREDCO said, "With steady borrowing costs, home loans become more affordable, which is likely to boost demand in the housing market, especially during the upcoming festive season. This stability allows developers to plan projects confidently, knowing that financing conditions will remain favorable. The RBI’s balanced approach to economic management helps maintain market confidence, reassuring investors amidst global economic uncertainties. This period of steady rates can be leveraged by the sector to drive growth, innovation, and increased transactions, making the festive season an ideal time to capitalize on market opportunities and support economic expansion."
