Anuj Khetan, Director, Vijay Khetan Group shares views post RBI monetary policy

Despite the current situation in the overall economy, RBI’s decision to not lower interest rates has come as a disappointment to the real estate industry. The urgency to take measures to revive growth in the real estate was the need of the hour at the present scenario.  However, the government recently announced Rs 25,000 crore funds for stalled affordable and mid-segment housing projects across the country to bring relief to the ailing residential sector and homebuyers. A rate cut would have surely boosted confidence in the segment bringing in the much-awaited momentum in sales. We still hope that the growth priority prevails and a substantial easing is brought about in the next policy cycle.