“Stability is the cornerstone of progress. Maintaining the repo rate at 6.5% is a strategic move by the RBI, providing a strong impetus to the thriving Indian real estate market. With a remarkable 7.6% year-on-year GDP growth in Q2:2023-24, the decision aligns with the robust domestic economic activity.
In a year marked by record-breaking achievements in real estate, this decision is pivotal. It reinforces our commitment to excellence and aligns with the positive trajectory of the market. Importantly, it addresses concerns, especially the 6.5% year-on-year price increase in MMR that ranked fourth globally.
This stabilization brings clarity to decision-making for realty buyers, ensuring a more informed and confident market.”
