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Home > Forum > Delhi > Real estate News > No changes in RBI rate, Real estate sentiment goes down

No changes in RBI rate, Real estate sentiment goes down

Q: May I know what is the impact in real estate market after RBI decision to remain unchange in repo rate this quarter?

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Replies (4)
1
Right Sir,
Stakeholders were hoping for a rate cut this time to initiate tractions in the market because recent sales in the real estate sector remaining sad across the country.
Richa


2
Hi,
Interest rate cut could have set a trigger for housing sales. RBI is only looking towards general inflation. The RBI should understand that controlling inflation at the cost of growth is not a wise step. It should encounter and cut the rates in its next review to push funds into the economy and the real estate sector in particular which is one of the major contributors to the GDP.
Praneetha


3
Hi,
Yesterday RBI announced his decision to keep the key rates unchanged. As per this Real estate sector does not get any benefit as expected by most of the developer and builder. Builder is expecting major cut in rate due to market sentiment is good now a days also petrol price got down . but unfortunately RBI decided to remain unchange for this quarter.
Praveen Modi


Hi praveen,
I want to know that what is the major impact follow in real estate if RBI reduce the report rate in this quarter?
Sufia,  Delhi
3rd December 2014


Hi,
Reduction in policy rates at this juncture would have a significant impact in boosting the industry and facilitating growth.
Praveen Modi,  Mumbai
4th December 2014


4
Hi,
As per one news The Confederation of Real Estate Developers' Association of India (CREDAI) expressed its disappointment at the central bank's decision to maintain status quo on key rates at a time when inflation is under control.
Akash Kanojia


5

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