Mr. Pankaj Bansal - M3M India director - Comment on RBI policy

"Given the overall domestic and global economic scenario, the 0.25 % reduction in the repo rate announced by the RBI is a cautious but welcome balancing act. This should result in lowering the cost of borrowing across all sectors of the industry. Should this result in a drop in housing loan interest rates, it will help revive demand for the real estate industry. We look forward to more demand stimulating measures that will address the complex issues of supply side constraints and thus help in keeping inflation under check."

M3M India is a luxury real estate developer in the national capital region. The company has made a mark in the real estate industry with projects based on sports and international themes. Mr. Pankaj Bansal is responsible for corporate strategy, planning and sales at M3M India.

Source : Equity Bulls

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