“The RBI’s latest decision to maintain the repo rate at 6.5% for the fifth time in a row reflects a strategic balance between sustaining economic growth and controlling inflation. This move is particularly significant for India’s real estate sector, which is currently experiencing a surge in demand not seen in over a decade. Stable interest rates are poised to boost home purchases and instill confidence in developers, enabling them to present more attractive offerings during the ongoing festive season, extending into the new year. This stability sets a positive tone for the real estate sector as we step into a new phase of growth in 2024.”
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