New Delhi. The Reserve Bank of India has kept the repo rate at 6.5% without making any changes. The real estate sector is considering this decision of RBI as a relief in the festive season. Market experts say that RBI has now changed its stance to 'neutral'. After this, it can be believed that given the global situation, interest rates can be cut in the next monetary policy meeting. The repo rate remaining stable means that there will be no increase in the EMI of home loans. Real estate developers expressed happiness over this decision of RBI and said that this decision is right for both the property market and home buyers.

CREDAI President and Gaur Group CMD Manoj Gaur said that RBI's announcement to maintain the status quo on the repo rate will increase enthusiasm in the market, both buyers as well as real estate developers. Along with this, RBI has indicated that interest rates may come down in the coming time. County Group Director Amit Modi says that RBI's decision to keep the repo rate stable is very important. This will give momentum to the market and keep buying a house cheap.

Sales will increase.
Sanjay Sharma, director of SKA Group, termed RBI's decision as correct and hoped that this would boost home purchases during the festivals. According to Yash Miglani, MD of Migson Group, the development of the realty sector remains positive and consumption is increasing. This trend will continue as RBI has kept the repo rate unchanged.

Piyush Kansal, Executive Director of Royal Estate Group, says that this decision will have a positive effect during the entire festive season including Navratri and Diwali. Ravindra Gandhi, Founder and Managing Director of Tirsya Estates, said, "RBI's decision to keep the repo rate unchanged and make its stance neutral is an encouraging news for the real estate market, which will benefit both buyers and developers".

Relief news
According to Harsh Gupta, CEO of Sundaram Group, RBI has once again taken a very good initiative by keeping the repo rate stable, because, in the festive season when there is good buying in commercial real estate, this decision will increase the confidence of buyers. Ajendra Singh, Spectrum Metro's vice President (Sales and Marketing) says that the decision to maintain the repo rate at 6.50% amid the formation of a new government in Haryana is expected to give a commendable boost to the real estate sector.

Home buyers' confidence will be strengthened.
Sanjeev Arora, Director of 360 Realtors, says that potential buyers seem more confident and excited as a result of stability in interest rates. Sandeep Chhillar, Founder and Chairman of Landmark Group, says that RBI keeping the repo rate stable will increase the number of home buyers, due to which this sector will continue to grow and reach new heights.

Saurabh Saharan, Group Managing Director, HCBS Developments, says that RBI keeping the repo rate stable at 6.5% will increase sales. It will also reduce the financial pressure on potential buyers. The sector has been doing well in the last few years, and this decision will help developers to build projects according to new requirements.