Reaction on RBI monetary review by Manoj Gaur, President CREDAI-NCR & MD, Gaursons India Ltd.

"With the ongoing festive season, realty sector of our country could not expect for a better news than a repo rate cut. At this point of time when the sentiments are positive and people are eager to buy and invest in property, banks will now cut interest rates, that will allow buyers to get their EMIs reduced. The demand will witness a better rise in the current festive season which will allow the inventory to clear in major metro cities. Realty sector welcomes this move by RBI and this being Urjit Patel’s very first policy review."