By Mr. Kaushal Agarwal – Chairman, The Guardians Real Estate Advisory
The recent decision by the Reserve Bank of India (RBI) to stand pat on repo rates is good news for the real estate sector. This pause in rate hikes will encourage homebuyers to take advantage of lower home loan rates and invest in property, driving growth in the sector. Stable interest rates provide attractive financing options, making it easier for potential buyers to purchase homes and stimulating the market. This move will also provide a breather to existing homeowners who were burdened with rising EMIs due to the rate hikes witnessed in the past six policies. All in all, the RBI’s decision is positive for keeping the real estate market vibrant and prosperous.