Comments of Mr. Aman Agarwal, Director, KV Developers on RBI Credit Policy

Mr. Aman Agarwal, Director, KV Developers says on RBI policy review:

“As the central bank relied on various external factors and seen waiting for more data to take an informed call on for the next step to bolster economic growth, the realty sector wants a further rate cut to bring in much-needed spur to the lacklustre performance of the industry. The sector has been wanting a rate-cut in line with the previous two in this year and awaits better transmission of policy rates in order to derive maximum benefit for all stakeholders as rightly highlighted by Mr Rajan.

We expect and hope that the central bank would announce reformatory measures in near future to bring the long-awaited impetus to the sector that is one of the largest GDP contributory.”