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It was expected but a cut would have helped

Manish Agarwal

Manish Agarwal, MD, Satya Group and VP Credai NCR, said, “RBI maintaining a status quo on key rates changes was expected but for the real estate sector a cut would have helped in improving the market sentiments. Although RBI has reduced the rate by 25 bps in the last review but the sector required a cut of minimum 50 bps. For couple of years the real estate sector is in low phase and high interest rates have been one of the reasons due to which buyers are away from the market. We expect a good rate cut in the next review because a good monsoon is expected which will bring down the inflation especially in essential commodities and being a quarter were sales are high because of festive season. A good rate cut before the festive season will boost the market.”