Real Estate Experts Welcome RBI Decisions on Interest Rates
Mumbai (Maharashtra) [India], August 6 (ANI): Some industry experts said on Friday that the Reserve Bank of India (RBI)’s decision to hold key interest rates on hold is favorable for the real estate sector to further improve consumer sentiment. Said there is.
Aditya Kushwaha, CEO and director of Axis Ecorp, said that by not changing interest rates, more buyers will be investing in secured assets such as real estate. “For the next season, realtors, including us, are looking forward to launching new projects,” said Vinit Dungarwal, director of AM project consultants, because deferring interest rates helps create demand. He said it was a welcome move. “For the real estate sector to enter a strong second half, low interest rates offered should continue until the end of the year,” said Sandy Planwar, managing director of the Lanwar Group and president-elect of Maharashtra….