Quote of Mr. Vineet Relia, Managing Director, SARE Home’s on RBI’s Monetary Policy

“With inflation rate and fiscal deficit under control, there was a general sense of expectation that RBI will reduce key policy rates. A reduction could have had a positive impact for the real estate sector which is troubled by the increasing burden of development and borrowing costs. However, we are confident this decision has been accommodative of the structural reforms initiated by the Government and support it in the creation of a sustained growth for the economy that will allow us to reap its benefit.”

Respondent – Mr. Vineet Relia, Managing Director – SARE Homes