Real estate developers’ bodies CREDAI and NAREDCO on Friday welcomed Reserve Bank of India’s decision to hold the repo rate at 5.25%, saying the move would keep borrowing conditions steady for builders and people taking housing loans. Shekhar Patel, President of CREDAI, said the central bank’s stance brings policy continuity at a time of volatility in global currencies and pressure on bond yields. “At CREDAI, we view this continuity as constructive for real estate, where predictability in financing costs is essential for sustaining demand and investment sentiment,” he said. According to Patel, the return of normal liquidity alongside an unchanged rate structure should help the property market grow in a balanced manner. He added that further steps, if aligned with macroeconomic developments, could widen access to housing. The association’s president hoped that a “calibrated monetary easing over time, aligned with evolving macroeconomic conditions, can further improve housing affordability, expand access to home ownership, and support a more inclusive growth path for the sector.” Echoing similar views, NAREDCO President Parveen Jain said keeping rates steady sends a positive signal when economic momentum within the country remains firm. “Domestic economic activity remains robust, and the growth outlook is positive. Maintaining stable interest rates at this time will encourage homebuyers to make purchasing decisions. It will also motivate developers to launch new projects to meet customer demand,” Jain added. Amit Goyal of India Sotheby’s International Realty said the outcome was broadly expected and would provide comfort to the market. “For homebuyers, especially end-users, it reinforces confidence to move ahead with long-term decisions without worrying about sudden cost shifts,” Goyal said, adding that a stable monetary environment also strengthens India’s appeal to domestic and global investors.
