RBI Monetary Policy: Wave of happiness in the housing sector due to RBI's decision-EMI will not increase

Monetary Policy Impact on Housing: The Reserve Bank of India has announced its monetary policy on Friday. RBI Governor Shaktikant Das did not make any change in the repo rate. With this decision, the loan EMI will neither increase nor decrease. There is a wave of happiness in the housing sector due to this monetary policy. It is believed that this will maintain stability on the economic front, which will have a positive impact on house prices and demand. This decision also had a positive impact on the stock market.

Effect visible everywhere

According to Enrock Research, the prices have increased the most in Hyderabad in the last one year. House prices here have increased by an average of 18 percent. At present, the price per square foot in the top 7 cities of the country has become Rs 6800, which was Rs 6105 in 2022. There has been a jump of 7 percent in this. Puri said that with no change in home loan interest rates, it is certain that the housing sector will move forward.

Prices have increased rapidly in top-7 cities
Anuj Puri said that the housing market is changing rapidly. In the last few months, house prices in seven big cities of the country including Delhi-Mumbai have increased by 8 to 18 percent. Due to this, it was feared that if RBI decides to increase the repo rate in monetary policy, then due to increase in interest rates, people will start staying away from buying houses. However, the Reserve Bank has given relief to the real estate sector for the next few days.