CREDAI Pune Metro Reaction on the RBI Repo Rate

PUNE: Ranjit Naiknavare, President of CREDAI Pune Metro, shared with the media that the RBI kept the repo rate unchanged at 6.50% to balance inflation and economic growth. RBI’s decision to maintain the repo rate is a welcome respite to homebuyers accelerating their home-buying decisions.It has been well received by the Indian real estate industry, as it will not only accelerate housing demand and supply but also supplement sectoral growth overall amid rising input costs.Real estate being the 2nd largest employer in the country presently contributes to about 8% of the GDP and is expected to contribute to about 14% in the coming years. RBI’s stance will help the sector contribute to the nation’s growth.

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