Hope, rates will be slashed in next policy

“The unchanged policy rates were in line with our expectations, given the rise in CPI inflation over the last quarters. But it is expected that as economic growth would spur, there would be more chances of rate cut in future. We were expecting a rate cut as the circle rates and registry charges of some NCR regions like Noida, Greater Noida & Ghaziabad have increased which would increase the property rates. Thus, any reduction in interest rates would have optimistically affected the real estate sector and would have enhanced growth. We are now expecting that the rates would be slashed in next policy meeting which would help in imparting liquidity to the market. We are eyeing for healthier market conditions in near future so that demand and interest may improve in property market.”

Mr. Prashant Tiwari, Chairman, Prateek Group