Real estate experts unhappy about RBI’S decision
Real estate firms and property consultants today expressed disappointment over RBI’s decision to keep rates unchanged.
There were no change in the rates in previous policy announcement and the real estate sector was expecting a rate cut this time around.
Experts maintain that the sector urgently needs cut in interest rates to boost housing demand. They further added that positive policies from government which will boost the real estate sector and economy as well and such policies are the need of the hour.
Echoing other experts, Lalit Jain, President of the apex realtors’ body CREDAI, and Property consultant CBRE South Asia Chairman and Managing Director Anshuman Magazine stated RBI’S decision as a disappointment.
CHD Developers Managing Director Gaurav Mittal stressed that rate cut could fuel the downgrading of real estate sector and hoped that a rate cut would be considered by RBI in their next policy.
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Source: Economic Times
CBRE, CHD Developers, Indian real estate, rate cut, RBI, RBI monetary policy, Real Estate Companies, Real estate in India, Realty News, Reserve Bank of India
