Housing market predicted to stay robust as RBI holds key interest rate steady

Housing sales in January-March 2023 breached the one lakh mark at 1.14 lakh units across the top 7 cities, said Real estate consultant Anarock Chairman.

Naredco President Rajan Bandelkar hailed the RBI move, saying it will help the housing sector.

Real estate industry expects housing demand to remain strong with the RBI keeping key interest rate unchanged and is hopeful for a repo rate cut in next round of monetary policy to boost growth.

The Reserve Bank of India (RBI) on Thursday decided to keep the repo rate unchanged at 6.5 per cent.

Nonetheless, the sector needed announcements that could further fuel the growth.