Comments of Mr. Kishore Bhatija, Managing Director, Real Estate Development, K. Raheja Corp on RBI Policy

 Views of Mr. Kishore Bhatija, Managing Director – Real Estate Development, K. Raheja Corp on RBI Policy

“The Real Estate industry, the second largest employment generator, currently requires a boost, and is in anticipation of positive steps and policies from the Government. As an industry, we were expecting a rate cut which would bring down home loan rates and make it more attractive for home buyers to pick their dream home.
 

With buyers sitting on the fence, awaiting a price reduction, a rate cut would help give a thrust to the presently stagnant industry and assist in improving market sentiments.

We continue to remain hopeful of the Government cutting rates and banks passing on its benefits to the customers.”