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Quote by Shishir Baijal, Chairman & Managing Director, Knight Frank India

‘’The decision on keeping the key policy rates unchanged is on expected lines and will be a relief for the real estate industry that has been worried over a possible rate hike adversely impacting the market. Since the last Monetary Policy Committee Meeting, there has been a big relief with the fall in crude prices and the strengthening of the Rupee, thus, reducing inflationary risk. We believe the easing inflation situation and the need to actively support growth are the primary consideration for the MPC to maintain a status quo on rates.’’

Regards,

Anil V.Agre.

Manager Media Relations
Blue Lotus Communications Pvt. Ltd

2/52 Kamal Mansion, Authur Bunder Road
Colaba, Mumbai - 400005
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Email: anil@bluelotuspr.com