The Reserve Bank of India's (RBI) decision to keep the benchmark repo rate unchanged at 5.25% on Friday has been welcomed by real estate developers, who believe policy stability will help sustain housing demand, support affordability and provide greater visibility for project planning.
With retail inflation easing to 3.48% in April and remaining below the RBI's 4% target, industry stakeholders see little immediate pressure on interest rates, creating a favourable backdrop for the housing market.