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Amidst concerns on weakening of rupee, the RBI’s decision to stick to existing policy rates comes as a breather into the Indian Realty sector. There are no changes in the CRR and Repo rates from the existing values, and what follows is increased stability on home loans.For potential buyers, plans of going for an EMI won’t have to be delayed or postponed.
The decision which comes as a surprise considering the pressure on RBI for amendments was termed as the bold move capable of bringing in positive changes into the nationwide realty sector. According to financial experts, the unchanged rates could be viewed as the first sign of financial recovery by India’s supreme bank.
Till today, there were concerns that the interest rates are in for a big leap, which did not happen and therefore, buyers won’t have to be worried about the additional financial burden. Now, the rates are fixed at 7.75 % despite WPI inflation.
CREDAI’ s national capital region (NCR) President Anil Sharma opined that the Reserve Bank has "pleasantly astonished" both the industry experts and core players with its daring decision on vital policy rates. CREDAI,” The Confederation of Real Estate Developers’ ountry.
Associations of India” is the top organization of realtors with more than 10,000 members from several regions of the c
Reacting on the move, India’s top builder DLF’s Executive Director R Talwar said that the move is appreciated and is the first step towards reviving the realty sector, which had overcome a tough time.
It is observed that the country’s realty sector is on the verge of great improvement provided government take suitable actions to enhance the recovery.
This rule might not be a barrier for investing in real estate for prospective buyers, and the positive sentiments in realty sector would reflect on other related sectors as well, thereby creating favorable circumstances for a total recovery.
The constant efforts by the RBI have already steadied rupee to a considerable extent against dollar, in addition to providing short liquidity backing to push development instantaneously. This move would add to the positive feelings prevailing in the economic situation.
Welcoming this move, many industry players still think that the changes might happen in the future, perhaps when there is some realization that economy is on the right path again. Right now, in sync with RBI’s approach, experts agree that unchanged rates really fits in the current situation.
The decision which comes as a surprise considering the pressure on RBI for amendments was termed as the bold move capable of bringing in positive changes into the nationwide realty sector. According to financial experts, the unchanged rates could be viewed as the first sign of financial recovery by India’s supreme bank.
Till today, there were concerns that the interest rates are in for a big leap, which did not happen and therefore, buyers won’t have to be worried about the additional financial burden. Now, the rates are fixed at 7.75 % despite WPI inflation.
CREDAI’ s national capital region (NCR) President Anil Sharma opined that the Reserve Bank has "pleasantly astonished" both the industry experts and core players with its daring decision on vital policy rates. CREDAI,” The Confederation of Real Estate Developers’ ountry.
Associations of India” is the top organization of realtors with more than 10,000 members from several regions of the c
Reacting on the move, India’s top builder DLF’s Executive Director R Talwar said that the move is appreciated and is the first step towards reviving the realty sector, which had overcome a tough time.
It is observed that the country’s realty sector is on the verge of great improvement provided government take suitable actions to enhance the recovery.
This rule might not be a barrier for investing in real estate for prospective buyers, and the positive sentiments in realty sector would reflect on other related sectors as well, thereby creating favorable circumstances for a total recovery.
The constant efforts by the RBI have already steadied rupee to a considerable extent against dollar, in addition to providing short liquidity backing to push development instantaneously. This move would add to the positive feelings prevailing in the economic situation.
Welcoming this move, many industry players still think that the changes might happen in the future, perhaps when there is some realization that economy is on the right path again. Right now, in sync with RBI’s approach, experts agree that unchanged rates really fits in the current situation.
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