By Ankush Kaul, President (Sales and Marketing) of Ambience Group
The latest MPC review comes on expected lines. As expected, the repo rate and the reverse repo rates remained unchanged while maintaining an accommodative stance. But the market still has several concerns, particularly high inflation and overall economic distress. With the government planning a robust economic recovery, the real estate market is dependent on a lowered interest rate scenario. Thankfully, the demand for housing is already on the rise. This should compensate for the latest review. Going forward, the market is bound to revive based on current positive consumer sentiment.
