Mr. Yateesh Wahaal, Director Finance, M3M India
The decision
of the RBI to keep the repo rate unchanged at 5.25% reflects a calibrated
approach to reinforce stability in the current times of global and domestic
uncertainties. For the real estate sector, the stable repo rates will enhance
the confidence of buyers and developers alike. The decision will aid the
developers in planning and executing projects with greater certainty. For
buyers, the stability in repo rates will translate to greater conviction in buying
decisions. In the long term, the current decision will facilitate the demand
momentum and the overall robustness of the real estate sector.