Mr. Sandeep Runwal – President, NAREDCO Maharashtra
“The RBI’s decision to keep the repo rate unchanged at 6.50 percent is a welcome move signaling that interest rate hikes could be over. Also, time to balance growth and inflation. This will certainly positively impact the rate-sensitive segments of affordable and low-income group housing. Keeping the repo rate unchanged will help in offsetting the rising property rates and will reduce home buyers’ burden to a large extent. Real estate industry is linked with several other allied industries and therefore it impacts the entire economy. We urge the government to offer relaxations in stamp duty fees that it offered at the time of the pandemic so as to further encourage homebuyers’ interest in property buying.”