RBI policy announcement: Comments by Mr Rohan Pawar, CEO of Pinnacle Group

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-Mr. Rohan Pawar -CEO of Pinnacle Group

“During the pandemic, the low interest rate regime had boosted the housing demand. RBI’s decision to hike the interest rate again by 50 bps to 4.90 was expected to tackle the tight inflation of the country. The increase of rates could adversely affect housing demand because of increased EMIs and lower eligibility on home loans. This will create an impact on the ongoing growth momentum in the sector in addition to increasing input costs. However, we still believe that preference of homebuyers for owning a home will continue to boost demand.”