There was no change in the repo rate! Will there be a boom in the real estate sector?

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has not made any changes to the repo rate. This marks the fourth consecutive time that the RBI has kept the repo rate unchanged. RBI Governor Shaktikanta Das announced that the repo rate will remain at 6.50 percent. Governor Das stated that India is poised to become the growth engine of the world, with a GDP growth rate expected to be around 6.5 percent. There is no anticipated increase in interest rates, and the real estate sector is expected to see increased activity during the festive season.

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