Piyush Bothra, CFO, Square Yards
The RBI’s India’s decision to maintain the repo rate status quo is a positive decision and will make sure that home loan interest rates will not harden soon in the coming days. The low-interest rates have started impacting the property markets in a positive way. Maintaining low home loan rates was critical for a sustainable recovery in the real estate sector. After the announcement of tax holiday for the primary affordable and rental housing segments in the recent budget, this news will enhance confidence in homebuyers and nudge them towards making good purchase decisions.
Ramesh Nair, real estate industry veteran and former CEO of JLL India
The expectation from the real estate industry was deeper cuts in policy rates.
Given that RBI has not cut rates, they should now try and ensure that the previously announced rate cuts are fully transmitted to end users and developers and also focus on increasing the quantum of overall credit available for the real estate sector.
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