Views of Mr. Sanjeev Chandiramani, Chief Operating Officer, Ruparel Realty on the RBI Monetary Policy update

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New Delhi, August 08, 2022: It is a hat-trick of sorts as the Reserve Bank has raised the repo rate for the third time. With the hike, the overall benchmark rate goes by 1.4 percent which could push up the banks’ lending rate. This is will have a cascading effect on the real estate buyer sentiment. We will the government support the industry with some reliefs such as reduction in stamp duty and ensuring prices of inputs such as cement and steel are under check from inflationary pressures. – Sanjeev Chandiramani, COO – Ruprel Realty

Corporate Comm India (CCI Newswire)