RBI could have done much more - Mr. Ashwin Sheth

The RBI Policy announcement by Dr. Raghuram Rajan, RBI Governor keeping key policy rates unchanged at 6.75% did not meet expectations of the real estate industry said, Mr. Ashwin Sheth, CMD, Sheth Corp Ltd.

"Though taking a conservative path, RBI could have done much more. A rate cut at this stage would have helped in lowering the home loan interest rates making home buying a reality for most buyers who have been eagerly waiting for the rates to cut down. This would have also helped to boost the growth of the real estate sector."

"The Government has taken the lead in trying to implement policies that will propel growth of the sector. In the same vein, RBI too should have looked at the real estate sector with new optimism", added Mr. Sheth.

Source : Equity Bulls

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