RBI Monetary Policy on Repo Rate, April 2024 

Quote of Avneesh Sood - Director Eros Group

"As the RBI maintains the repo rate at 6.5 percent, it demonstrates a prudent approach towards balancing economic stability and growth. This decision, upheld for the seventh consecutive time, instills confidence within the real estate sector. With stable interest rates, homebuyers can proceed with assurance, fostering sustained development in the housing market. Notably, the stability in the repo rate directly impacts the lending landscape, with potential implications on home loan EMIs. For instance, with over 60 percent of home loans in India being on floating interest rates, any alteration in the repo rate could significantly influence borrowing costs. This steady stance by the RBI aligns with the ongoing efforts to bolster economic resilience, paving the way for a conducive environment for investment and growth in the real estate sector. We anticipate this stability to further buoy consumer sentiment and facilitate robust growth in the coming quarters."