Chennai: The Reserve Bank of India has kept the repo rate unchanged for the seventh time in a row at 4 per cent, citing the need to support the ongoing growth recovery amid continued uncertainty and global financial market volatility.
‘The Reserve Bank’s accommodative stance will help maintain the higher demand seen in real estate in the last two months. With home loans interests still remaining at record low rates, real estate today is seeing a lot of pent-up demand coming to the fore, and the offtakes are poised to improve further in the next few months, leading up to the festive season,’ said T Chitty Babu, chairman and CEO, Akshaya Pvt Ltd.