MUMBAI, 3rd APRIL, 2023 (GPN):Mr. Venkatesh Gopalkrishnan, CEO, Shapoorji Pallonji Real Estate Quotes–

“The RBI’s decision to keep the repo rate unchanged was a much-needed respite for the real estate sector. This decision will provide stability in the home loan category and keep the EMIs unchanged. It will maintain the buying sentiment in the real estate sector and may lead to an upsurge in the mid-segment housing category. We also expect the demand for luxury and premium housing to remain unaffected. Despite the positive impact of this decision, the RBI Governor has signalled that this move may only provide temporary relief and may be necessary to combat the inflationary growth in the country. However, we hope that interest rates will remain in single digits, which would be favourable for the real estate sector in India. Overall, this decision is likely to stabilise the real estate sector in the short term.”Ends