RBI continues to maintain an ‘accommodative’ stance keeping the repo rate unchanged yet again at 4% in its monetary policy meeting in Feb 2022. This support is needed for sustained recovery in economic growth. At a time, when the market was expecting a hike in reverse repo rate and change in stance of the Central Bank to ‘neutral’ to be a precursor to future rate hikes, the ‘status quo’ of the Bank comes as a breather for the real estate sector. In the absence of the specific demand-side interventions from the Budget 2022-23, prospective homebuyers can continue to benefit from lower home loan interest rates which are here to stay for now."
Amit Goyal, CEO, India Sotheby’s International Realty
RBI Decision to maintain the status quo on policy rates is good news for home buyers. The historically low home loan interest rates will continue for some more time and keep the mood buoyant. The other welcome news is that the business outlook remains optimistic and real GDP is projected at 7.8% for next fiscal by the governor.
Suren Goyal, Partner, RPS Group
The continuation of accommodative policy by RBI augurs well for the real estate sector. It is likely to boost demand and we hope the accommodative stance will continue for the next year or so
Mr R K Arora, Chairman, Supertech Ltd
We welcome the RBI stance to keep the repo rates unchanged at 4% and reverse repo rate at 3.35% for the tenth consecutive time. The unchanged repo rates will help in maintaining the low interest rate regime and this works well for home buyers planning to buy homes with help of home loans.
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