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Real Estate Forum on Rbi Unchanged Rate Cut

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Q: The RBI kept its policy rate on hold at 6.75%, hoping to wait until after the government's annual budget statement at the end of February.

Latest Answer: Hi Ashish, Now we are expecting that the government would take thoughtful steps closer to the budget and provide further rate cuts to guide economic growth. The residential real estate has been the worst affected due to high interest rate and slow sales for the past couple of years. Current unsold residential inventory levels across India stands at over 6.9 lakh units and this would take more than 2.5 yrs to round off.
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