Continuation of current repo rate regime to keep buyer interest intact, support real estate: Developers

Developers feel that the RBI move to keep the repo rate unchanged will persuade buyers to buy properties and also bring new investors and stakeholders to the markets. The real estate sector will be hugely benefitted from the unchanged repo rate as the move will encourage a huge influx of buyers to invest in properties. In a bid to sustain economic growth and mitigate inflation risks, the RBI in its first MPC meeting for FY 2022-23 on Friday maintained the status quo on key policy rates and decided to continue with its accommodative policy stance, which was widely welcomed by industry experts and real estate developers.