Unchanged repo rate to elevate investor confidence in realty market: Developers

financialexpress.com:

Property developers welcomed the Reserve Bank of India’s decision to keep the repo rate unchanged on Thusday (February 8), a move that is likely to resonate positively within the real estate sector. This decision creates a conducive environment for both individuals and businesses, and will stimulate demand momentum.

The unaltered repo rate, coupled with a bullish domestic economic sentiment, is poised to elevate investors’ confidence in the real estate market.

“This move also augurs well for the luxury real estate segment, where demand remains robust and is likely to continue its upward trajectory. In tandem with this, we are witnessing a notable uptick in new project launches, further underscoring the positive outlook for the real estate sector. The confluence of unchanged repo rates, buoyant demand in luxury real estate, and increased project launches collectively signifies a promising phase for the industry, fostering growth and resilience,” said Aditya Kushwaha, CEO and Director, Axis Ecorp.

Also Read: RBI Keeps Repo Rate Unchanged: What should home buyers do now?

Here’s we take a look at some of the views of India’s top developers on the MPC decision:

Aman Sharma, Founder & Managing Director, Aarize: “The RBI decision to maintain the status quo on repo rates underscores a strategic approach toward nurturing economic recovery. By abstaining from rate adjustments, the central bank aims to provide stability while encouraging banks to offer enticing home loan packages, thus invigorating the housing market. This calculated move is poised to inject optimism into the real estate landscape, fostering a conducive environment for developers and aspiring homeowners alike. While the decision aligns with the goal of