RBI maintained Status Quo on rates: A disappointing move for the real estate sector – Mr. Arjunpreet Singh Sahni, Executive Director, Solitaire Group

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New Delhi, December 07, 2018: “Leaving all the stakeholders of real estate sector high and dry, second time in a row the RBI has maintained status quo on key policy rates which is an utterly disappointing move. Amid falling crude prices, lower than expected food prices and moderation of economic growth all the macroeconomic indicators were in the favour of a rate cut in this monetary policy review. Real estate sector requires a booster shot of positive announcements to improve homebuyers’ sentiments and at this juncture a considerable cut in repo rate is urgently required to boost market momentum.”

Corporate Comm India(CCI Newswire)