Thane Welcomes RBI's Repo Rate Decision

The Reserve Bank of India (RBI) has decided to maintain the repo rate at 6.5 percent, a move that has garnered positive reactions from the real estate sector in Thane. Jitendra Mehta, President of CREDAI-MCHI Thane, expressed appreciation for the government's commitment to rate stability, emphasizing its importance for the growth of real estate and infrastructure in the region. Mehta highlighted that this decision is expected to stimulate demand in the housing market, particularly within the mid-segment category, which is vital for the overall development of Thane's real estate landscape. He noted that the area has been experiencing steady growth in the affordable luxury segment, and the current stability in rates should help sustain this upward trend. The favorable lending rates resulting from the RBI's decision are anticipated to benefit homebuyers, encouraging increased investments in the housing market. Mehta pointed out that this balanced approach in policy not only maintains liquidity but also supports financial institutions while keeping inflation in check. Looking ahead, CREDAI-MCHI Thane hopes the government will consider additional supportive measures to enhance liquidity and provide long-term stability to the sector. The organization remains optimistic about the future of Thane's real estate market, believing that continued government support will be crucial for its sustained growth.