CBRE reacts to RBI’s decision

Anshuman Magazine

Chennai: While stating that the RBI’s decision of keeping the repo rate unchanged was on expected lines owing to the rise in inflation in recent months, CBRE India, South East Asia, Middle East & Africa chairman and CEO Anshuman Magazine said, “However, they have maintained an accommodative stance which is positive for the economy.”

“RBI’s decisions to relax LTV guidelines and rationalize risk weights for home loans will further encourage homebuyers and their review of the co-origination model between banks and NBFCs and extended the scheme to all NBFCs (and banks) will improve the flow of credit in the economy. We are hopeful that these measures will strengthen recovery in residential demand and support construction activity as well,” he added.