Quote by Mr. Hitesh Uppal, Head of Finance, Magicbricks regarding announcement on the RBI Monetary Policy

New Delhi, October 14, 2024: The Reserve Bank of India’s decision to keep interest rates unchanged amidst inflation concerns and global uncertainties presents a mixed outlook for the Indian real estate sector. On one hand, stable rates create a favourable borrowing environment for homebuyers and developers, boosting market confidence and helping control inflation-related cost pressures.

However, this also tempers expectations for more affordable financing, which could slow buyer momentum. Moreover, by not reducing rates now, the RBI limits its ability to lower them in future crises, potentially restricting critical support for the sector.

Corporate Comm India (CCI Newswire)