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Experts Say RBI’s Repo Rate Status Quo Offers Stability, Housing Sector Needs Boost
['Rekha Nair']
Business News This Week
Mr. Ankur Jalan, CEO, Golden Growth Fund (GGF):“In view of the ongoing trade concerns, the status quo on repo rate is a welcome move by the RBI.
At this juncture, a cut in repo rate along with the GST cut that has been implemented would have propelled sales during the festive season.
With slowing housing sales, it is imperative that a boost to the housing sector would go a long way in accelerating demand across all sectors.”Mr. Samir Jasuja, Founder & CEO, PropEquity:“The housing market, despite the dip in sales and launches, remains healthy.
While a rate cut by the RBI would have benefited the sector, the festive quarter will nevertheless see improved launch momentum and higher absorption levels.
New launches remained flat, coming in below the 1 lakh mark at 92,229 units, declining 10% on a Q-o-Q basis.