Realtors welcome RBI decision to maintain status quo
Realtors on Friday welcomed the RBI's decision to keep policy rates unchanged and its projection of revival in economic growth, saying this will lead to continuation of low interest rate regime on home loans and boost housing demand.
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New Delhi: Realtors on Friday welcomed the RBI's decision to keep policy rates unchanged and its projection of revival in economic growth, saying this will lead to continuation of low interest rate regime on home loans and boost housing demand.
The RBI kept benchmark rate unchanged for third time in a row at 4 per cent. It expects the economy to record positive growth in the second half of 2020-21.
The economy contracted by 23.9 per cent in the first quarter and 7.5 per cent in the second quarter due to the Covid-19 pandemic. "Home loans will continue to remain at attractive rates, this should augur well for home buying sentiment," Naredco President Niranjan Hiranandani said.
