Bytes
Rate-cut at this juncture was important for sector


“In an anticipated move, RBI has maintained status quo on policy rates, however, other than inflationary pressures most of the other economic indicators which also include robust monsoon were all in favour of a rate cut and so the real estate sector was expecting relief in interest rates by the RBI. For the real estate sector a rate cut at this juncture was important as it could have easily spurred the buying activities in the upcoming festive season on the back of expected reduction in home loan rates and consequently the sector might have also achieved the much awaited growth. Of course, looking at all the economic indicators, still there has been a small window to cut rates and so we had kept our fingers crossed for the outgoing RBI Governor to once again boost the sector with giving a small rate cut in this policy review.”
Mr. Arjunpreet Singh Sahni, Executive Director, Solitairian Group
-
News4 weeks ago
Phoenix Mills, B Safal launch Palladium
-
News4 weeks ago
House of Hiranandani’s plogging initiative
collects over 100 kg waste from Thane city -
News4 weeks ago
NoBroker expands its Series E round with Google joining other investors
-
News4 weeks ago
Reliance Industries into Commercial RE
-
project4 weeks ago
Migsun Gp to invest Rs 706 cr to develop high-street commercial project
-
News4 weeks ago
Paramount Group gifts flowers, plants to workers of Paramount Golfforeste in Greater Noida
-
News3 weeks ago
Samtel Avionics MD & CEO, Puneet Kaura takes over as the Chairman, CII Delhi State
-
News4 weeks ago
Pragati Group raises $200 m from Singapore based fund