Realty companies said, the sector will get a boost due to the Reserve Bank not changing the repo rate

New Delhi, Feb 10 (PTI) Real estate development companies on Thursday welcomed the Reserve Bank's decision to keep the policy rate repo unchanged, saying there is a demand for residential properties at historically lower interest rates on home loans. will continue to increase.
On the monetary policy of the Reserve Bank, Harshvardhan Patodia, president of CREDAI (Confederation of Real Estate Developers Association of India), the apex body of real estate companies, said, “The surplus cash available in banks must be made available to the sectors. This will give impetus to economic revival and growth, besides generating large-scale employment.