It’s a moment to cheer for homebuyers as the Reserve Bank of India (RBI) maintained the repo rate unchanged at 4 percent in today’s monetary policy.
It’s a moment to cheer for homebuyers as the Reserve Bank of India (RBI) kept the repo rate unchanged at 4 percent in October's bi-monthly monetary policy announced on Friday. The status quo on the interest rate front means that the low home loan interest rates regime will continue in the market and help foster housing demand during the ongoing festive season, experts said.
Notably, this is a period when housing sales usually surge on the back of attractive offers by developers and lending banks in wake of the festival season.
According to Anuj Puri, Chairman — ANAROCK Group, the green shoots of economic revival coupled with the prevailing low-interest rates will be conducive for the residential sector in the short to mid-term.