Real Estate Sector Welcomes RBI's Decision to Maintain Repo Rate at 6.5%

Real Estate Shares Remain in Limelight Today

The Reserve Bank of India's (RBI) recent decision to keep its key policy repo rate unchanged at 6.5% has been met with widespread approval from the real estate sector. Industry leaders view this as a stabilising move that will strengthen buyer confidence, ensure steady demand, and support the sector's growth amidst global economic uncertainties.

Industry Leaders Applaud the Stability

Prashant Sharma, President of Naredco Maharashtra, emphasised the importance of the RBI's cautious yet stable approach to monetary policy, especially in the current global economic climate.

Rajeev Ranjan, Co-founder and CEO of The Mentors Real Estate Advisory Pvt Ltd, echoed this sentiment, highlighting the critical role of stable interest rates in maintaining buyer confidence and sustaining demand in the housing market.

Positive Outlook for Developers and Homebuyers

Shraddha Kedia-Agarwal, Director at Transcon Developers, commended the RBI's decision, recognizing it as a positive signal for both developers and homebuyers. She acknowledged the resilience shown by the sector in the face of fluctuating economic conditions and described the stability in interest rates as beneficial for the industry.

Similarly, Rohan Khatau, Director of CCI Projects, praised the move as a "prudent step," noting its potential to foster a favourable environment for growth in the real estate sector. He lauded the RBI's focus on controlling inflation while supporting economic growth, which he believes will contribute to the sector's stability and expansion.

Supportive Measures

Industry leaders also called for additional supportive measures from the government to enhance liquidity and provide long-term stability to the real estate sector. Industry experts urged the government to focus on boosting consumer sentiment, which he believes will ultimately drive growth in real estate and allied industries.

Key Takeaways

The RBI's decision to keep the repo rate unchanged at 6.5% has been well-received across the real estate industry. Leaders believe this move will help sustain growth, particularly in the affordable and mid-segment housing categories, while fostering a stable environment for both developers and homebuyers.

Meanwhile, investors will be closely watching DLF, Brigade Enterprises, Godrej Properties, and Prestige Estate share prices anticipating potential impacts on their valuations.

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