Fourth Bi-monthly Monetary Policy Statement, 2017-18 – Rahul Shah, CEO – Sumer Group

New Delhi, October 05, 2017: “The RBI in its fourth bi-monthly monetary policy maintained the status – quo. We expected a rate cut which would have been ideal. Considering that we are in the midst of the festive season; it would have improved the borrowing sentiments of the consumers thereby giving much needed impetus to the overall real estate sector.

We anticipate the rates to come down in the coming policies of FY18. This would facilitate the revival of the realty sector that is already under the pressure from events like demonetisation, RERA and GST.”

Corporate Comm India(CCI Newswire)