New Delhi, July 09, 2017: Impact of the monetary policy on the real estate sector will be minimal — Sachin Sandhir, Global Managing Director – Emerging Business, RICS.
The RBI has kept the repo rate unchanged at 6.25% to maintain low inflation. The central bank’s stance is on expected lines. We do not expect rate cuts anytime soon. Impact of the monetary policy on the real estate sector will be minimal. A cut in repo rate would have made home loans more accessible to home buyers, thereby improving buyer sentiments. We believe the RBI has taken a cautious stand keeping in mind the implementation of the Goods and Services Tax (GST) from July 1.
Corporate Comm India(CCI Newswire)
