APN News

  • Friday, March, 2020| Today's Market | Current Time: 12:21:01
  • Perspective by Mr. Ashok Mohanani, Chairman EKTA World and Vice President NAREDCO Maharashtra for the MPC announcement today

    Published on February 6, 2020

    “After 5 times rate cut in a row last year, RBI kept the repo rate unchanged for 2 consecutive times at 5.15% to continue with the accommodative stance as long as it is necessary to revive the growth of the sector. The overall real estate sector will see stability in terms of investment and purchase behavior. With this the infrastructure prices are likely to remain stagnant which will keep the prices stable for real estate sector. Though the marketers were expecting a cut in the repo rate along with the restructuring in loans after the Union Budget 2020, the unchanged repo rate will have steady growth in the sector at large. Another impetus for homebuyers will be the CRR leeway for existing and incremental loans will help the stimulus package announced. The RBI announced liquidity measures leading to improvement in sentiment and anticipation of increased liquidity in the market.”

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