RBI MPC Meet 2024 Every two months, the Reserve Bank of India holds a bi-monthly monetary review meeting. In this meeting, a decision is taken regarding change or stability in the repo rate in view of rising inflation and the country’s economy. The RBI MPC meeting has started from today. According to experts, the repo rate can be kept stable in this MPC meeting as well.
The meeting of the Monetary Policy Committee of the Reserve Bank of India has started today. The decisions of this meeting will be announced on 6 December 2024 (Friday). There has been no change in the repo rate for more than a year. In this meeting too, the repo rate is expected to remain stable. Analysts believe that the RBI will maintain the status quo to ensure financial stability.
The MPC announcement will be closely monitored for its possible effects on the economy. Let us know what is the reaction of the real estate giants.
What do experts say
According to Sanjay Sharma, Director, SKA Group, this decision is important not only for the real estate sector but also for home buyers across the country. When the repo rate decreases, home loan interest rates also decrease, making the process of buying a home cheaper and more accessible.
According to Mohit Kalia, Vice President of Raheja Developers, the reduction in repo rate will prove to be a big positive step for the real estate sector. This will provide relief to home buyers from rising interest rates on loans and encourage them to invest.
Nandini Garg, Director, Rajdarbar Ventures said that repo rate decisions play an important role in shaping the future of the real estate sector. The reduction in repo rate by RBI will reduce the cost of borrowing. In such a situation, new investment in the market will be promoted.
According to Kushagra Ansal, Director, Ansal Housing, the real estate sector stands at a crucial point where a potential repo rate cut could be a game-changer. It will not only lighten the financial load for homebuyers but also bring fresh momentum to the market, boost demand and attract long-term investments. The move could spur sustainable growth, benefiting the broader economy.
