UNCHANGED REPO RATES TO IGNITE HOUSING DEMAND
The RBI has effectively managed to keep inflation rates within acceptable boundaries. RBI’s choice to uphold the current stance for the fourth consecutive occasion was a predictable decision aimed at prioritizing stability. Further increase in policy rates could potentially have a substantial impact on the outlook of prospective homebuyers and their purchasing capacity. Consequently, this could have also restrained the demand which has been on the rise in the past few months. It would be more preferable to witness a forthcoming decrease in interest rates, which could bolster overall market confidence and establish a more attractive environment for potential homebuyers.
Tags : repo rates ignite housing demand Vivek Mohanani – MD & CEO Ekta World RBI boundaries stability capacity demand homebuyers