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Will buyer sentiments be affected?

DNMUM351878 | 12/12/2015 | Author : Vijay Pandya | WC :1441

Policy Analysis: Real estate industry stakeholders share with Vijay Pandya their views on how RBI maintaining the status quo in policy rates with the repo rate remaining at 6.75% would impact property markets
dna of property
Niranjan Hiranandani, Managing Director, Hiranandani Communities and President NAREDCO West
The Reserve Bank of India Governor has kept the key repo lending rate unchanged at 6.75%, but this follows a big cut two months ago.
I would take a cautious note on potential for further reduction in rates, given that India aims to meet its 2017 inflation target as also braces itself for the possible impact of the US rate hike.
India's economic growth picked up in July-September, outpacing China on improving domestic demand and manufacturing activity, and I feel it is this acceleration that has resulted in the RBI Governor keeping the key repo lending rate unchanged.
India has eased foreign direct investment norms in 15 ma
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