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Comments by Real Estate Experts on RBI Policy announcementShraddha Kedia-Agarwal, Director, Transcon Developers

”RBI maintaining status quo on key policy rates was expected to maintain the financial stability before the festive season. The all-time low interest rates have already given a boost to the real estate sector upticking the demand in the last few quarters and enhancing the confidence of the homebuyers. It has also helped the sector to regain its strength as well as stay afloat during these unprecedented times. The Government’s favourable policy measures along with festive deals will help sustain the demand during the festive season.”

Vinay Kedia – Director, Prescon Group

“The RBI and the government have been implementing a number of measures to help the real estate sector. Although the low interest rates will provide sustained growth for the real estate sector, developer’s focus on project completion and delivery will be the key factors driving the real estate demand going forward. Homebuyers should take advantage of the current scenario as many major banks and housing finance organisations are offering low-interest home loans owing to the festive season ahead.”

Bhushan Nemlekar, Director, Sumit Woods

“On an expected line, the monetary policy committee (MPC) has kept the repo rate unchanged with an extended accommodative stance for the eight consecutive time that will continue to serve the markets well in the festive season. The prevailing low home loan rates are already enticing for homebuyers which has immensely benefited the real estate sector. The record low interest together with the festive deals will encourage the consumers to proceed with their purchase and quickly close their transactions.”

Sandeep Runwal – Managing Director, Runwal Group and President Elect, NAREDCO Maharashtra

“The RBI has always taken a proactive stance to ensure liquidity in the past few months since Covid. It is imperative that low mortgage rates would continue for at least some more time now or maybe until the end of the year. The end-user interest has increased mostly due to the all-time low home loan interest rate regime which has provided the required fuel for the growth of the economy along with the real estate industry with which several other allied sectors are linked. Apart from the low-interest rates, the consumers’ realization of owning a home along with key policy measures have been the growth drivers for the real estate sector in the past few quarters and the strong demand is expected to continue in the festive season as well.”

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