Comments from Real Estate Experts on RBI Policy Announcement

New Delhi, February 18, 2022:

Mr. Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory

“Keeping the Repo Rate & Reverse Repo Rate intact was on expected lines. This was needed not only because of the increased government borrowing but also to accelerate the current economic growth trajectory. This is  good news for the housing market as historically a low interest-rate regime has always pushed the real estate market in India.”

Mr. Pritam Chivukula, Co-Founder & Director, Tridhaatu Realty and Treasurer, CREDAI MCHI

“RBI’s decision to continue with their accommodative stance keeping in mind the inflationary concerns was on expected lines. The low-interest rates have been a crucial factor in the revival of the demand in the real estate sector. In the past few months, the buyers have made the most of the rock-bottom interest rates on home loans along with offers from good developers. This might also be the last opportunity for the homebuyers to purchase property with low-interest rates before RBI decides to hike it in any of their future bi-monthly policies. Also, to keep the prices down on the account of rise in raw materials prices will be a huge challenge in front of the developers.”

Ms. Shraddha Kedia-Agarwal, Director, Transcon Developers

“RBI maintaining status quo on key policy rates was expected given the inflationary concerns in recent months. The decision will help to sustain liquidity for some more time which will augur well for the real estate sector and the overall economy. The low-interest rates for the last few months have already given a boost to the real estate sector upticking the demand in the last few quarters and enhancing the confidence of the homebuyers. The decision will therefore help to keep up the momentum going forward as well.”

Mr. Bhushan Nemlekar, Director, Sumit Woods Limited

“The RBI’s decision to maintain its accommodative stance was on the expected lines considering the outlook for inflation and growth. The Government has always taken affirmative measures to revive the economy and alleviate the Covid-19 impact with sustained fiscal & monetary support. The prevailing low home loan rates are already enticing for homebuyers which have immensely benefited the real estate sector. This decision will create further demand and sustain the growth momentum in upcoming months.”

Mr. Jitesh Lalwani, President, Home Sync Real Estate Advisory Services

”We welcome the RBI’s decision to continue with their accommodative stance keeping in mind the economic concerns in near future. The measures announced for liquidity amplification in the economy are indeed a progressive step and were much needed. Real estate has been severely hit during the pandemic and the recent Budget announcements and the RBI’s decision today will boost the sector to cope with markets’ uncertainties.”

Corporate Comm India (CCI Newswire)