Following the announcement, shares of rate-sensitive sectors like banking, financial services, automobile and real estate posted strong gains after the announcements.
The company has around 1.2 crore sqft of land (carpet area) in different parts of Mumbai, said Dhaval Ajmera, Director of Ajmera Realty informed during Q1FY24 investors call.
With the Reserve Bank of India (RBI) pressing the pause button on repo rate, the real estate sector is celebrating but inflation remains a concern, , reserve bank of india