Views by Mr. Pankaj Kumar Jain, Managing Director, KW Group on today’s monetary policy review by RBI

New Delhi, December 07, 2019: Looking at unfavourable economic scenario in which sustained weakness in demand has already occupied centre stage it is as per the industry’s expectations that the RBI has maintained status – quo on repo rate. However, it’s high time the apex bank should at least issue directions to the home loan providers to pass on the benefits accumulated through the earlier five successive rate cuts this year, so that the real estate market could once again witness renewed home buyers’ sentiments which may further lead to an immediate revival in demand.

Corporate Comm India (CCI Newswire)