Mr. Himanshu Jain, VP – Sales, Marketing & CRM, Satellite Developers Private Limited (SDPL) on RBI policy announcement

Mr. Himanshu Jain, VP - Sales, Marketing & CRM; Satellite Developers Private Limited (SDPL)
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Mr. Himanshu Jain, VP – Sales, Marketing & CRM; Satellite Developers Private Limited (SDPL)

“On an expected line, the monetary policy committee (MPC) has kept the repo rate unchanged at 4% with an extended accommodative stance that will still continue to serve the markets well. Some strong liquidity measures were announced and are expected to continue which was one of the worries of the market before policy. The earlier announcements by the state government of stamp duty reduction along with reduction on premiums for developers will surely give a boost to the ailing sector and create demand among the homebuyers. The Union Budget 2021-22 also has provided a strong impetus in favour of the Affordable Housing segment. With the interest rates at a record low, the Government will continue taking affirmative measures as long as it is necessary to revive the economy and mitigate Covid-19 impact.”

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Neel Achary is the editor of Business News This Week. He has been covering all the business stories, economy, and corporate stories.