RBI rate hikes will not impact real estate sector: Godrej
The Reserve Bank’s decision to raise its key short-term rates will not have any impact on the realty sector, a top industry player said.
“Presently in the real estate sector, demand is exceeding supply, so I see no problem,” Godrej Group’s Chairman, Adi Godrej, told reporters at an event organised by the Gujarat Institute of Housing and Estate Developers (GIHED) here.
As a part of its first mid-quarterly review of monetary policy, the RBI had raised its key short-term lending (repo) rate by 25 basis points and borrowing (reverse repo) rate by 50 basis points to six and five per cent, respectively.
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Written by admin on September 19th, 2010 with no comments.
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