Bengaluru, Oct. 4: The National Association has welcomed the Reserve Bank of India’s decision to keep the repo rate unchanged at 5.50%, while urging for faster transmission of the policy. It also expects a possible easing in basis points in the future.

The Confederation of Real Estate Developers’ Associations of India (CREDAI) has welcomed the RBI’s decision to maintain the policy repo rate at 5.50%. This move comes at a time of global economic uncertainty and provides much-needed support to the housing sector.

Stable interest rates are crucial for homebuyers, as they benefit from predictable borrowing costs and gain confidence in long-term planning. At the same time, developers are assured of greater predictability in financing and investments.

The recent rationalisation of GST has boosted sentiment and increased demand across sectors, thereby strengthening the overall growth cycle. With gold and equity markets continuing to remain volatile, housing stands out as a safe and reliable long-term investment for Indian households.