RBI Monetary Policy Announcement- Quote by Mr. Surendra Hiranandani

Mr. Surendra Hiranandani, Chairman and Managing Director, House of Hiranandani
“The committee’s decision to maintain the present repo rate is a positive and promising step for the real estate market. By recognizing the controlled inflation, the MPC’s stance offers a ray of hope for potential homebuyers. This move is also expected to further fuel the remarkable growth witnessed in the Indian real estate market since the beginning of the year. This steady repo rate not only brings relief to the industry but also stimulates construction and infrastructure development. It ensures a favorable lending environment for developers, encouraging them to embark on new projects with stable interest rates.”