CEO: Demand for realty sector will increase on RBI’s interest rates

Business Business: Real estate majors welcomed the Reserve Bank of India’s (RBI) move to keep its key rates unchanged. Speaking about the development, Prashant Sharma, President, NAREDCO Maharashtra, said, “We welcome RBI’s decision to keep the policy repo rate unchanged at 6.5 per cent. This decision reflects a cautious but stable approach to monetary policy amid global economic uncertainties.” Rajiv Ranjan, Co-Founder and CEO, The Mentors Real Estate Advisory Pvt Ltd, praised the decision, saying, “In the real estate sector, stability in interest rates is important to maintain buyer confidence and ensure stable demand, especially in the housing sector.

” Shraddha Kedia-Agarwal, Director, Transcon Developers, said, “We appreciate RBI’s decision to maintain the policy repo rate at 6.5 per cent.” He recognised the resilience shown by the real estate sector amid fluctuating economic conditions and called the stability in interest rates “a positive sign for both developers and homebuyers”. Terming the decision as a “prudent move”, Rohan Khatau, Director, CCI Projects, said, “The focus on controlling inflation to support growth is commendable as it will create a conducive environment for the real estate sector, thereby promoting growth and stability.” Samyak Jain, Director, Siddha Group, said the move “reflects a positive outlook towards sustaining economic growth while keeping inflationary pressures under control.” Himanshu Jain, Vice President – Sales, Marketing & CRM, Satellite Developers Private Limited (SDPL), also lauded the decision, saying it was “in line with our economic growth policies.” Industry experts expect the move to continue the growth momentum in the sector.