Rohit Gera Managing Director, Gera Developments on RBI announcement

 

''The real estate sector has finally started showing signs of recovery with sales having picked up on the back of high affordability. This higher affordability has been created on the back of lower apartment prices, lower interest rates and increasing salaries over the last 5 to 7 years.  

 

The impact of this higher affordability has now percolated down to people who need homes and we are seeing this need being converted to demand.  Leaving interest rates unchanged provides a greater degree of stability for people to take this important decision.''