RBI News : It is everyone’s dream to own a house of their own right. But over the past few years, rising house prices, inflation and constantly fluctuating interest rates have made it difficult for many to buy a house.

Most people fulfill their dream of owning a home by taking home loans from banks and paying EMIs for several years. In such a situation, the important decision taken by the Reserve Bank of India (RBI) has brought great relief to the common citizens.

The RBI has decided to keep the repo rate unchanged at 5.25 percent in the recent Monetary Policy Committee meeting. With no increase in the repo rate, interest rates on home loans are likely to remain stable.

This will directly benefit home buyers as well as EMI paying borrowers. An increase in repo rate makes bank loans more expensive and directly hits the customers’ pockets. But this time RBI has given relief to the common people by keeping the interest rates stable.

According to experts, this decision will boost confidence in the real estate sector. Agarwar said that this decision of the Monetary Policy Committee will create a positive environment in the market.

According to Aman Trehan, Executive Director, Trehan Iris, the stable interest rates allow buyers to plan their EMIs properly, which is very important for home buying.

Managing Director, Trehan Group, Samarsh Trehan has also welcomed this decision. According to him, since the interest rate is stable, the EMI of the home loan can be accurately predicted and the investor’s confidence is maintained.

Ashish Sharma of Brahma Group said RBI has struck the right balance between inflation control and economic development. Keeping the repo rate at 5.25 percent gives a clear direction to the market, he added.

Ganga Realty Executive Director Neeraj K. Mishra said this decision is reassuring for the housing market. This stability will reduce fear among buyers and enable them to make more informed decisions.

This will especially benefit the middle income group and the premium housing sector. Overall, this RBI decision is a ray of hope for homebuyers.