Repo rate remains steady at 5.25%, MPC votes unanimously to maintain current levels.

The real estate industry is anticipating that the RBI will keep the repo rate steady at 5.25% during the upcoming August monetary policy review, arguing that this stability will bolster homebuyer confidence and drive demand.

Rishabh Periwal, Senior Vice President of Pioneer Urban Land and Infrastructure, mentioned that a cautious approach from the RBI would be beneficial for managing inflation. He noted that while homebuyers seeking immediate relief from EMIs might need to be patient, consistent rates would minimize uncertainties related to borrowing costs.

Varun Garg, Director of Karyan Group, stated that a predictable lending rate environment would facilitate purchasing decisions, especially for first-time buyers and end-users. He emphasized that in markets like Ghaziabad and NCR, where affordability and financing costs are critical, maintaining policy continuity could persuade hesitant buyers to move forward with home purchases.

Sudeep Bhatt, Director-Strategy at Whiteland Corporation, remarked that a pause in rates would offer consistency for both developers and homebuyers, enabling ongoing project planning and capital allocation without interruptions.