Experts’ Perspectives on RBI’s Decision to Maintain Repo Rate at 6.5%

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    Avneesh Sood,  Director Eros Group

    “As the RBI maintains the repo rate at 6.5%, it demonstrates a prudent approach towards balancing economic stability and growth. This decision, upheld for the seventh consecutive time, instills confidence within the real estate sector. With stable interest rates, homebuyers can proceed with assurance, fostering sustained development in the housing market.”

    Aman Sarin, CEO, Anant Raj Limited

    “We appreciate the RBI’s decision to keep the repo rate unchanged at 6.5%, marking the seventh consecutive instance of maintaining stability in the rate. Stable interest rates are beneficial for the economy and are conducive to positive consumer sentiments.”

    Domnic Romell, President of CREDAI-MCHI

    “CREDAI-MCHI commends the RBI and the Central Government for maintaining the repo rate, a decision that bodes well for both homebuyers and the real estate sector. With stable borrowing costs, homebuyers can confidently pursue their aspirations of homeownership, fostering growth and positivity in the real estate industry.”

    G Hari Babu, National President of NAREDCO

    The RBI’s decision to maintain the repo rate underscores confidence in the nation’s economic fundamentals, setting an encouraging tone for the new financial year. With GDP projected to grow at 7% in FY25, this decision bodes well for sustained growth in the real estate sector.”

    Pyush Lohia, Director, Lohia Worldspace

    “The RBI’s decision to maintain the repo rate is a strategic victory for real estate developers, including those focusing on tier-2 cities. The stability it brings creates a conducive environment for investment.”

    Pankaj Kumar Jain, Director, KW Group

    “In an effort to keep inflation under control, the RBI has decided to maintain the repo rate at 6.5 basis points for the seventh time. The industry would have welcomed a rate cut, but an increase would not have been ideal because buyers have already acceded to the current interest rates, so an unchanged rate is still preferable to an increased rate.”

    Also read: RBI Keeps Repo Rate Unchanged – Housing Boom Stays On Course

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