CREDAI-MCHI Thane Lauds RBI's Decision to Maintain Repo Rate, Sees Boost to Real Estate Growth
Thane's real estate industry welcomes RBI's decision to maintain repo rate, expecting it to stimulate demand in the housing market, particularly in the mid-segment category.
Credaimchi ThaneRbiRepo RateReal EstateThaneReal EstateAug 11, 2024
CREDAI-MCHI Thane expects this decision to further stimulate demand in the housing market, particularly in the mid-segment category, which is crucial for the overall growth and development of Thane's real estate. 'Thane's real estate has been witnessing a steady growth in the affordable luxury segment, and the current rate stability should help sustain this momentum. Homebuyers will continue to benefit from the favourable lending rates, encouraging more investments in the housing market,' Mehta said.
The organization also welcomes the balanced approach in policy, which maintains liquidity and supports financial institutions while balancing inflation. 'We look forward to the government considering further supportive measures that would enhance liquidity and provide long-term stability to the sector,' Mehta concluded.
About CREDAI-MCHI Thane
CREDAI-MCHI Thane is a leading real estate developers' association in Thane, Maharashtra. The organization aims to promote and protect the interests of its members, who are involved in the development of residential, commercial, and industrial properties in the region.
CREDAI-MCHI Thane is a part of the Confederation of Real Estate Developers' Associations of India (CREDAI), a national body that represents the interests of real estate developers across the country. With a strong presence in Thane, CREDAI-MCHI Thane works closely with the government and other stakeholders to promote the growth and development of the real estate sector in the region.
Frequently Asked Questions
What is the current repo rate, and how will it affect the real estate sector?
The current repo rate is 6.5 per cent, and it is expected to stimulate demand in the housing market, particularly in the mid-segment category.
How will the RBI's decision to maintain the repo rate impact homebuyers?
Homebuyers will continue to benefit from the favourable lending rates, encouraging more investments in the housing market.
What is CREDAI-MCHI Thane's expectation from the government?
CREDAI-MCHI Thane expects the government to consider further supportive measures that would enhance liquidity and provide long-term stability to the sector.
What is the role of CREDAI-MCHI Thane in promoting the growth of the real estate sector in Thane?
CREDAI-MCHI Thane works closely with the government and other stakeholders to promote the growth and development of the real estate sector in Thane.
What is the significance of the RBI's decision to maintain the repo rate for the real estate sector?
The RBI's decision to maintain the repo rate is significant for the real estate sector as it will help maintain growth in real estate and infrastructure.
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