Sales share of Noida and Greater Noida in NCR was 49% in H1 2021: Report
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Cost of acquiring land goes up in Noida by 20%
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Realtors expected more from RBI MPC
Posted On: 2021-04-07 04:37:54 (Time Zone: Arizona, USA)
The RBI has maintained its accommodative stance until it sees an appropriate time to drive economic growth without jeopardizing its key goal of taming inflation. With the recent increase in Covid 19 incidents, the Apex bank is faced with the challenging task of balancing inflationary pressures to avoid a rise in borrowing costs. To keep inflationary pressures in check and sustain financial stability, it is expected that the central bank to pursue policy normalization in the second half of FY22. While it is understandable that the repo rate remains unchanged, the real estate sector s need for special steps cannot be overlooked.
RBI Monetary Policy - Feb 2021 - Even after RBI s status quo, developers optimistic about realty growth
Posted On: 2021-02-05 22:34:41 (Time Zone: Arizona, USA)
As the MPC voted unanimously to keep rates steady, the RBI retained the status quo and Repo rates unchanged at 4 per cent. The Apex bank, however, has shown optimistic stance for economic growth as it expects GDP to grow at 10.5 per cent. The real estate sector expected some announcements, but it has to rely only on announcements made in the last few months. Real estate experts say the market is strong, and the RBI s new status quo will not have any adverse effect on it.