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Low home loan interest rate regime to continue: Realtors on RBI policy

Read more about Low home loan interest rate regime to continue: Realtors on RBI policy on Business Standard. The industry hailed the RBI s decision to keep policy rates unchanged

Real estate sector needs quick assistance to stay afloat: Developers

Realtors expected more from RBI MPC

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.

It would have helped if the sector received benefit from MPC: Realtors

It would have helped if the sector received benefit from MPC: Realtors Posted On: 2021-04-07 04:39:11 (Time Zone: Arizona, USA) The Reserve Bank of India (RBI) has maintained the policy rate at 4% and voted unanimously to keep the status quo with an accommodating stance. The marginal standing facility and bank rate remained at 4.25 per cent, while the reverse repo rate remained at 3.5 per cent. The majority of experts predicted that the RBI will preserve the status quo in the face of a rise in COVID-19 cases in the country. The RBI s decision to keep key policy rates unchanged means that low-interest rates on home loans will continue, but real estate developers believe that more reductions could have boosted housing demand, which has shown signs of recovery in recent months.

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