Oct 06, 2023

RBI's Repo Rate Decision Boosts Real Estate Optimism, Industry Experts Weigh In

Real estate consultants and developers have largely welcomed the Reserve Bank of India's (RBI) decision to maintain the repo rate for the fourth consecutive time, emphasizing its positive impact on the housing and real estate sector. Mr. Amit Sarin, Managing Director of Anant Raj Limited, also shared his views on this decision.

Speaking to Financial Express, Mr. Amit Sarin, Managing Director, Anant Raj Limited, expressed his appreciation for the RBI's decision to maintain the interest rate. He highlighted that this decision is poised to support the sustained recovery in economic growth that India is experiencing. Mr. Sarin mentioned that the real estate sector is expected to benefit from this decision, with robust demand for residential dwellings anticipated in the coming quarters. He also emphasized that the corporate sector would benefit from reasonable borrowing costs, enabling continued capital expenditure and investment.

This comprehensive industry perspective underscores the significance of the RBI's decision and its potential to drive real estate demand, particularly during the festive season.