The markets and the real estate sector have welcomed the Reserve Bank of India’s (RBI) decision to pause the repo rate hike. Subhash Goel, Director at Goel Ganga Developments, stated, “This hold is expected to provide some relief to homebuyers after a period of upheaval.”
The pause in rate hikes acknowledges the need to assess the impact of previous increases and supports the real estate sector, particularly the affordable housing segment. This decision safeguards homebuyers from further financial strain and strengthens the overall stability of the real estate market. Overall, the RBI’s prudent approach ensures a conducive environment for sustained growth in the real estate sector.
