Reaction on RBI Monetary Policy by Mr. Surendra Hiranandani

Mumbai, 07th December 2022 (GNI): A quote from Mr. Surendra Hiranandani, Chairman and Managing Director, House of Hiranandani on RBI’s Monetary Policy Announcement from today for your consideration if you are working on a story on similar lines. Attached is his photo for reference, kindly do let us know if any further assistance is required.  I’ve attached his images and the company profile as well. Thank you.
“The rate hikes by RBI won’t have a significant impact on the homebuying sentiment. However, the central bank has been on a rate-hiking journey in order to tame the rising inflationary pressures. Understanding this even homebuyers are aware of the fact that these rates were transient and unsustainable. They were expecting the hike and are thus prepared for it. Several banks have already started passing the burden to home loan borrowers. However, we have seen significant demand from homebuyers despite the increased interest rates. We expect the demand to sustain, considering the necessity to own a home is of profound importance today. 2022 has favored the luxury housing segment, the homebuyers deliberately grabbed the opportunity of festive offers and sealed the deal. Similarly, with the consumers being confident about the economy, the real estate sector will register a remarkable year end, setting an example for 2023.”ends GNI SG