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Thursday, 08 Aug 2019
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Manoj Paliwal, CFO, Omkar Realtors & Developers shares views post RBI monetary policy

Manoj Paliwal


As the residential sector is already under distress with slower sales, RBI’s decision to bring down the lending rate by 35 basis points is resultant ought of concern about real estate sector growth, its performance, and outlook, and the urgency to take measures to revive growth in the real estate sector. RBI's move will reduce the outgo in terms of EMI for the borrowers benefitting the home-buyers’ which will surely boost confidence in the segment bringing in the much-awaited momentum in sales.

 
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