Commenting on RBI’s move to maintain status quo in repo rates, Prashant Tiwari, President, CREDAI-Western UP & Chairman, Prateek Group said: “RBI has held the interest rates steady which were an anticipated move. However, a further reduction would have improved the real estate sentiments and prop up growth too. Real estate sector which is now in a big revival mode after the implementation of some key legislations like RERA and GST; any cut in rates would have positively affected the real estate market further improving the demand by home buyers too. Maintaining the status quo on policy is also in line to restrain inflation expectations.“

 

delhincrnews.in reporter

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