It is positive news for the residential real estate sector, as a stable repo rate was anticipated. Currently, the focus is on the durable alignment of inflation while supporting the growth in the interest of the Indian economy. With continuing uncertainties and prolonged disinflation, maintaining macroeconomic stability is the priority. Interestingly, the strengthening of USD makes NRIs real estate investments in India a huge opportunity for developers and investors alike.
India is growing at an unprecedented pace and thus it is in the interest of the NRIs to have a haven in India with ongoing uncertainties globally. Overall, we anticipate a possible rate cut in February, subject to global inflationary pressures. However, for now, stable rates present a great opportunity for home buyers. We look forward to elevating NRI home buying in India to close the year-end on an optimistic note.
