रेपो रेट में बदलाव न होने से गदगद है रियल एस्‍टेट सेक्‍टर, मान रहा त्‍योहारी सीजन में तोहफा

New Delhi. The Reserve Bank of India has not made any change in the repo rate and has kept it at 6.5 percent. The real estate sector is considering this decision of RBI as a relief step in the festive season. Market experts say that RBI has now changed its stance to ‘neutral’. After this, it can be assumed that in view of the global situation, interest rates can be cut in the next monetary policy meeting. Repo rate remaining stable means that there will be no increase in home loan EMI. Expressing happiness over this decision of RBI, real estate developers said that this decision is right for both the property market and home buyers.

Manoj Gaur, Chairman, CREDAI and CMD, Gaur Group, said that the announcement by RBI to maintain status quo on repo rate will boost enthusiasm in the market, both among buyers as well as real estate developers. Along with this, RBI has indicated that the interest rate may reduce in the coming time. County Group Director Amit Modi says that RBI’s decision to keep the repo rate stable is very important. This will stimulate the market and keep home buying affordable.

Also read- RBI MPC Meeting 2024: No change in repo rate, EMI of your house and car will not increase.

There will be an increase in sales
SKA Group Director Sanjay Sharma has justified the RBI decision and expressed hope that this will boost home buying during festivals. According to Yash Miglani, MD of Migson Group, the development of the realty sector remains positive and consumption is increasing. This trend will continue if RBI keeps the repo rate unchanged.

Piyush Kansal, Executive Director of Royal Estate Group, says that the positive impact of this decision will be visible in the entire festive season including Navratri and Diwali. “The decision by the RBI to keep the repo rate unchanged and make its stance neutral is an encouraging news for the real estate market, which will benefit both buyers and developers,” said Ravindra Gandhi, Founder and Managing Director, Tirsya Estates.

relief news
According to Harsh Gupta, CEO of Sundream Group, RBI has once again taken a very good initiative by keeping the repo rate stable, because in the festive season where good purchases are being made in commercial real estate, this decision will increase the confidence of buyers. Ajendra Singh, Spectrum Metro, Vice President (Sales and Marketing) says that the decision to keep the repo rate at 6.50% amid the formation of the new government in Haryana is expected to bring appreciable growth in the real estate sector.

Confidence of home buyers will be strengthened
Sanjeev Arora, Director, 360 Realtors says that potential buyers are looking more confident and excited as a result of stability in interest rates. Sandeep Chhillar, Founder and Chairman of Landmark Group, says that by keeping RBI’s repo rate stable, the number of home buyers will increase, due to which this sector will continue to grow and reach new heights.

Saurabh Saharan, group managing director of HCBS Developments, says sales will increase with RBI keeping the repo rate stable at 6.5%. This will also reduce financial pressure for potential buyers. The sector has been doing well in the last few years, and this decision will help developers create projects as per the new needs.

Tags: business news, property, real estate