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.
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.
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.
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.