Comments of Mr. Aman Agarwal, Director, KV Developers on RBI Policy:
New Delhi, Feb 04, 2015: “The decision to keep the status quo in monetary policy is a strategic step by RBI which would translate positively in near future. The real estate sector, which is a colossal contributor to the GDP of our country has been staggering under low sentiments for the past one year. We were hoping that the RBI would have revise the repo rate, although RBI has assured more fund flow in the market by cutting SLR by 50bps. In near future we are confident that government would consider the industry concern in union budget and take some encouraging step to relief the cash crunch.”
