Hindustan TImes -RBI Policy review: No impact on home loan EMIs as repo rate kept unchanged, sets positive tone for the realty sector
Real estate developers welcome RBI’s decision
G Hari Babu, National President of NAREDCO said that the RBI's decision to keep the repo rate at 6.5% and maintain the GDP growth forecast at 7.2% for FY25 creates a stable environment for the real estate sector. “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,” he said.
