The Reserve Bank of India (RBI) has decided to maintain the repo rate at 6.5%, which is being seen as a positive sign for the real estate sector. This decision comes at a time when the festive season is underway in the country, which is expected to further benefit the residential market. This stability will not only reduce the financial burden on potential homebuyers but also boost their morale. Real estate experts believe that this decision will result in increased demand, which could accelerate the pace of new project launches.
Surinder Bansal, Managing Director of MDB Group:
“The RBI’s decision to hold the repo rate steady at 6.5% marks a significant opportunity for the real estate sector. This stability creates a conducive environment for both buyers and developers, encouraging investment during a critical time in the market. As home loan rates remain favorable, we foresee a rise in buyer activity, paving the way for new developments that can address the growing demand in various segments of real estate.”
Prateek Mittal, Executive Director of Sushma said
“The RBI’s maintenance of the repo rate at 6.5% is a prudent move that aligns perfectly with the needs of the real estate market. Meanwhile, adopting a neutral stance, the decision is anticipated to introduce rate cuts in the future. Moreover, as we enter the festive season, this decision will likely boost consumer sentiment and motivate potential homebuyers to act. The unchanged interest rates will not only facilitate easier access to financing but also inspire developers to launch new projects, ultimately fostering growth and innovation in the sector.”
Piyush Kansal, Executive Director of Royal Estate Group, Says, the RBI’s decision to maintain the repo rate at 6.5% is expected to lead to a favorable rise in the housing market. The unchanged home loan rates during the festive season, including Navratri and Diwali, will provide some relief to potential homebuyers. As a result, stable interest rates will benefit both buyers and developers, boosting confidence and investment in the sector. The RBI’s decision is poised to encourage the launch of new projects and expansion in emerging sectors of development.
Mukul Bansal, Managing Director of Motiaz:
“The Reserve Bank of India’s decision to maintain the repo rate at 6.5% is a forward-thinking approach that will benefit the housing market significantly. This stability in home loan rates, especially during the auspicious festive season, will not only ease the financial burden on prospective homebuyers but also enhance their confidence. We anticipate a notable uptick in demand, which could lead to an acceleration of new project launches and invigorate the overall real estate sector.”