Real estate builders expressed their discontent over the RBI’s decision to keep key policy rate unchanged. RBI seems not worried and unaffected as the central bank said expressed this as the right time to do so.
The Central bank of India said that it was the right time to lower the borrowing cost for real estate developers as well as home buyers.
Real estate apex body CREDAI has strongly expressed their disappointment over the RBI decision. CREDAI President Lalit Kumar Jain condemned the decision as entirely negative approach towards real estate. Continue reading