New Delhi [India], February 10 (ANI/NewsVoir): The Reserve Bank of India (RBI) recently raised its repo rate by 25 basis points, taking the total interest rate to 6.5 per cent
Get latest articles and stories on Business at LatestLY. The Reserve Bank of India (RBI) recently raised its repo rate by 25 basis points, taking the total interest rate to 6.5 per cent. While this is only a nominal increase and is not expected to impact the real estate sector, both residential and commercial segments. However, it is essential to note that this is the sixth consecutive hike, and the sector now expects stability. The rate is also at its highest point in four years. The real estate sector is a significant contributor to the country s GDP, and stability in interest rates is crucial for both buyers and developers. Below are the reactions of the real estate developers on RBI repo rate. Business News | RBI Repo Rate Hike: Real Estate Sector Voices for Stability.
Delhi-NCR [India], January 30 (ANI/NewsVoir): After the strong recovery the real estate made in 2022, the sector, still grappling with issues such as high input costs and rising interest rates, now pins its hopes on the forthcoming budget to be presented by the finance minister Nirmala Sitharaman
With Finance Minister Nirmala Sitharaman getting ready to present the last full budget of the Modi 2.0 government, expectations are high that she will meet the demands of all stakeholders, including the common man who is reeling under the price rise.