RBI has kept the repo rate unchanged at 6.5 percent. Below are the views of real estate experts on the same.

Pradeep Aggarwal - Founder & Chairman, Signature Global (India)

"The RBI held rates steady for the eighth time in a row, likely due to high food inflation despite overall CPI falling within their target range. Strong GDP growth in FY24 may have also influenced this decision. However, economists anticipate rate cuts of 25-50 basis points in the second half of the fiscal year if inflation keeps declining. Lower interest rates could further boost the real estate sector, which is already experiencing strong market demand from end-users. We expect the robust demand trend to stay healthy over the next few years, particularly in cities like Gurugram which are witnessing robust infrastructure development."

Mr Mohit Jain - Managing Director, Krisumi Corporation

"The demand for homes remains stronger, especially in the luxury and high-end segments. The RBI status quo on the policy front is expected to keep the momentum going. However, with potential rate cuts on the horizon, the entire real estate market could see an additional boost as and when it materializes. The mid and premium housing segments will be the biggest beneficiary of any future rate cut." 

Mr. Aman Sarin - Director & Chief Executive Officer, Anant Raj

"We welcome the RBIs move to keep the repo rate unchanged. For the eighth consecutive time the RBI has decided to keep the repo rate unchanged at 6.5%. The RBI's decision to maintain the status quo on the policy rate is driven by inflation, which remains at a comfortable level of 4%. This will keep the Liquidity and the Cost of Borrowings at static level, thus, helps to keep the cost under control. Real estate Sector will benefit due to static cost of borrowings and price stability and will result in better Profitability in long run from ongoing Projects."