Quote by Mr. Amit Ruparel - Managing Director Ruparel Realty on recent announcement of RBI monetary policy
Quote by Mr. Amit Ruparel - Managing Director Ruparel Realty on the recent announcement of RBI monetary policy –
Speaking on the backdrop of RBI’s decision on maintaining status quo on Repo Rate at 6%, Mr. Amit Ruparel - Managing Director Ruparel Realty said, “Considering
the focus on providing housing for all, especially in the affordable
segment, it is surprising that the RBI decided not to lower the repo
rate. A drop in repo rate would have significantly brought down costs
for the home buyers which would have increased demand. The industry is
dependent on various factors such as economic conditions, policies,
demand among others, this calls for action on the policy front for the
industry to set itself on the accelerated growth trajectory“.
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