September 5, 2023

The Impact of RBI’s announcement on Unchanged Repo Rate At 6.5%.

Mr. Rakesh Reddy, Director, Featured Article on Property Times Magazine

Mr. Rakesh Reddy, Director, Aparna Constructions, was recently featured in Property House Magazine, discussing the Reserve Bank of India’s (RBI) crucial decision to maintain the repo rate at 6.5% for the second consecutive term. In this insightful feature, our Director delves into the implications of this monetary policy on the real estate sector and prospective homebuyers.

“In a largely anticipated event, the Reserve Bank of India has maintained the repo rate of 6.50% for a second consecutive term due to easing consumer price inflation. This decision to continue the status quo will temporarily alleviate the pressure on retail borrowers, especially those seeking home loans.”

Our Director ‘s expert insights shed light on the significance of this RBI decision and its potential impact on the real estate market. To gain a deeper understanding of the topic, read the full article in Property House Magazine.