‘Stable home loan interest rate to sustain housing demand’

Real estate industry bodies CREDAI and NAREDCO on Friday hailed the RBI’s decision to keep repo rate unchanged despite inflationary concerns, saying a stable interest rate regime would help sustain housing demand.

On Friday, the Reserve Bank of India (RBI) kept its benchmark repo rate unchanged at 5.25 per cent, and announced a raft of measures to attract foreign capital and support the rupee.

CREDAI President Shekhar G Patel said the RBI policy indicates a calibrated response amidst the current global economic environment, while NAREDCO President Parveen Jain described it as a positive development for both the economy and the real estate sector.

“With geopolitical tensions, inflationary concerns, and currency volatility continuing to influence markets globally, policy continuity will bode well for the real estate sector and help sustain overall market stability,” Patel said.