“The RBI’s decision to maintain the repo and reverse repo rates at 4% and 3.35% has come at an opportune time, with the country gearing up for the festive season which often sees a spurt in residential sales. As loans would remain cheap, we expect residential sales to further increase in the coming months.
The RBI’s focus on reviving and sustaining growth through its accommodative stance while keeping an eye on inflation levels is expected to accelerate the economic recovery, as is evident from the fact that the central bank expects the country to grow at 9.5% in FY 2021-22. Therefore, we are optimistic that this unprecedented growth would augur well for India’s real estate market as well.”
–Mr. Anshuman Magazine, Chairman & CEO, India, South-East Asia, Middle East & Africa, CBRE