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
-
Interviews4 weeks ago
We Are Revolutionizing Construction Workforce Management By Building Unique Digital Employment Ecosystem For Informal Wage Workers In India: Bettamint CEO
-
News3 weeks ago
Brigade Group’s Real Estate Sales Grows 25% QoQ to ₹ 1,249 Crores
-
News3 weeks ago
Diwali: Perfect Occasion for RE Investment
-
News4 weeks ago
Larsen & Toubro Announces Divestment of L&T Infrastructure Engineering Limited
-
News4 weeks ago
Housing.com to invest in fintech start-up Easiloan, aims to create India’s largest home loan origination platform
-
News4 weeks ago
Promoters Should Discharge Their Project Obligations: UP RERA Chairman
-
News3 weeks ago
CapitaLand India Trust Diversifies Funding Sources With Rs 13 Bn Onshore Loan To Develop Its Navi Mumbai Data Centre
-
Interviews3 weeks ago
Reinventing RE Sales & Marketing