The Reserve Bank of India’s decision to maintain the policy rate at 6.5% aligns with expectations, with experts indicating that the upward revision of growth to 7.2% for FY 2024-25 from 7% is a positive development. The real estate sector is anticipated to benefit from the stability induced by the unchanged repo rate, according to realtors.

The Monetary Policy Committee, comprising three RBI members and an equal number of external experts, opted to keep the repo rate steady for the eighth consecutive policy meeting. RBI Governor Shaktikanta Das reiterated the committee’s relatively hawkish stance, emphasizing the “withdrawal of accommodation.”

Realtors view the unchanged policy rate as a stabilizing factor for the real estate market, providing a conducive environment for growth and investment. This decision is expected to bolster confidence among stakeholders and support the sector’s recovery trajectory.

Key Points:

• RBI maintains policy rate at 6.5%, in line with expectations.
• Growth forecast revised upwards to 7.2% for FY 2024-25.
• Monetary Policy Committee maintains hawkish stance of “withdrawal of accommodation.”
• Realtors anticipate stabilizing effect on the real estate sector.

Outlook:
The stability in policy rates is likely to instill confidence in investors and homebuyers, fostering a conducive environment for real estate transactions and development projects. Continued vigilance and proactive measures will be essential to sustain the positive momentum and facilitate the sector’s long-term growth.

Contact Information:
For further insights and analysis, please reach out to industry experts and real estate professionals in Kolkata.