All posts by Sujata

LPU Partners with University of Bristol for Global Academic Excellence

Lovely Professional University (LPU) has signed a prestigious Memorandum of Understanding (MoU) with the University of Bristol, UK, ranked 9th in United Kingdom and 54th globally in the QS World University Rankings 2025. This partnership focuses on enhancing student mobility and research opportunities through initiatives such as credit transfer programs, semester exchanges, summer training, and collaborative research projects, ensuring students gain international exposure and experience. Beyond academic excellence, this partnership will create opportunities for cultural exchange and mutual understanding. It will enable students and faculty from both universities to gain diverse perspectives and experiences, promoting a more interconnected and collaborative global academic environment.

The delegation of the University of Bristol, including Professor Melissa Allen, Associate Dean of Social Sciences and Law, Dr. Florian Stadtler, Senior Lecturer in English, Dr. Valentina Vezzani, Lecturer in Design Thinking, Miss Susanna Batten, International Partnerships Manager, Katie Denton, International Partnerships Officer was welcomed by Col. Dr. Rashmi Mittal Pro Vice Chancellor of LPU for the MoU signing ceremony. Dr. Rashmi Mittal shared her vision for the collaboration, stating, “LPU believes in empowering students to think and act globally. This partnership with the University of Bristol is another step in creating leaders who can solve the challenges of tomorrow while embracing diverse cultural perspectives. LPU aims to continually provide students with opportunities that elevate their academic journeys and prepare them to thrive on the global stage.”

Dr. Aman Mittal, Vice President of LPU, accentuated the transformative potential of this collaboration. “This MoU reflects LPU’s dedication to expanding global learning avenues for our students. The University of Bristol’s reputation for innovative research and academic rigor aligns with LPU’s vision of creating a future-ready, globally competitive student community. This partnership will enable our students to learn from and contribute to a truly international ecosystem.” Dr. Aman Mittal also underscored how the agreement would create fertile ground for interdisciplinary research, combining the expertise of both universities in fields ranging from social sciences and law to design thinking and psychology.

As a distinguished member of the Russell Group, the University of Bristol is renowned as one of the most prestigious universities in the UK. It is celebrated for its academic rigor, pioneering research, and consistently contributing to advancements across various fields. This agreement further strengthens LPU’s position as India’s most globalized campus, hosting students from over 50 countries and maintaining partnerships with top universities worldwide. With its expanding network of international collaborations, LPU remains at the forefront of redefining higher education in India, creating unparalleled opportunities for its students to excel in an interconnected world.

WRMS Named ‘Best InsurTech Company’ at India Insurtech 2024

6th December 2024 – WRMS, a trailblazer in creating innovative and inclusive insurance solutions, proudly announces its recognition as the “Best InsurTech Company of the Year” at the esteemed India Insurtech Association’s Annual Event 2024. This accolade highlights WRMS Global’s unwavering commitment to revolutionizing the insurance industry through state-of-the-art technology and a steadfast focus on inclusivity.

The 2024 annual event convened over 900 professionals from the insurance, technology, health-tech, and insurtech sectors to delve into the theme “Pathways to Inclusive Insurance – A Vision for 2047”. This theme resonates with WRMS Global’s mission to empower communities and enhance the accessibility of insurance for all.

Adding a significant milestone to the event, a Vision Document on Parametric Insurance was launched. This document outlines a framework for Re/Insurance and InsurTech companies to develop and distribute parametric insurance covers. It aims to assist stakeholders in navigating challenges, building resilient communities, and mitigating the negative impacts of climate change. Designed to serve as a comprehensive handbook, the document provides valuable insights and guidance, enabling stakeholders in the Indian insurance industry to make informed decisions and optimize their strategies.

The event featured keynote speeches from distinguished dignitaries, including Shri Kalyanaraman Rajaraman, Chairperson of the International Financial Services Centres Authority (IFSCA), and Dr. Arvind Virmani, Member of NITI Aayog. Their insights on innovation, regulation, and the pivotal role of insurance in India’s development set the stage for meaningful discussions and collaborations.

Anuj Kumbhat, Founder and CEO of WRMS, expressed his gratitude, stating, “This award is a testament to the hard work of our dedicated team, the unwavering support of our partners, and the trust of the communities we serve.” Team members Neha Batra, Ashish Agarwal, Sarathy Srinivas, and Alongbar Brahma also conveyed their appreciation, underscoring the collective efforts that led to this significant achievement.

Central to the event was a shared commitment to addressing the challenges within the insurance sector and identifying opportunities for impactful change. WRMS’s leadership team emphasized, “The conversations sparked at this event reaffirmed the importance of collaboration and innovation in addressing shared challenges. Together, we are building pathways to a more inclusive insurance ecosystem.”

This recognition comes at a pivotal moment for WRMS, as the company continues to spearhead innovation. By leveraging advanced data analytics and improving access for underserved populations, WRMS Global is shaping the future of insurance for a digital-first and inclusive world.

Garvi Gujarat Bhawan Wins Green Building Award

New Delhi:- Gujarat government’s state building ‘Garvi Gujarat Bhawan’ situated at the heart of the capital, honored with Green building award by GRIHA (Green Rating for Integrated Habitat Assessment. The award ceremony was held on 5th December, 2024 at India Habitat Center, Lodhi Road, New Delhi. The ‘16th GRIHA Summit’ was organized from December 4th – 5th , 2024 with the theme ‘Accelerating Climate Action in the Built Environment’ aims to create a better future for all, by empowering communities for resilience and sustainability, to cope with the adverse impacts of accelerated climate change.

Developed by TERI and the Ministry of New and Renewable Energy, Government of India, the GRIHA rating system was adopted as the national standard for green buildings by the Government of India in 2007. The iconic “Garvi Gujarat” building, representing Gujarat in New Delhi, has been given three-star rating by the Green Rating. On the occasion, on behalf of the Government of Gujarat,Capt. Prashant Singh, Chief Administrative Officer from Garvi Gujarat Bhawan received an award with a GRIHA rating plaque and a shield. The award was presented by the Chief Guest, Meenakshi Lekhi, Former Minister of State for External Affairs of India.

Notably, the Garvi Gujarat building was inaugurated by the Hon’ble Prime Minister Shri Narendra Modi in September 2019. The building has successfully met all the requirements of a green building, featuring eco-friendly elements such as a vertical garden, solar panels, a sewage treatment plant (STP), electrochromic glass/smart glass in the skylight, water harvesting systems, and solid waste management facilities.

Spanning approximately 20,000 square feet, Garvi Gujarat remains a major attraction for visitors, even five years after its inauguration. The bhawan is said to be the model of mini-Gujarat, a mix of traditional and modern architecture with a rich reflection of the state’s culture.

Architecture students from Delhi-NCR recently visited Garvi Gujarat Bhawan, where they were guided through the building. During the tour, Resident Commissioner, Smt. Arti Kanwar, explained how the structure was completed in less than two years and successfully met all the green building standards

MDI Gurgaon PGDM Online: Register for Round 2 by Jan 6, 2025

6th December, 2024: Management Development Institute (MDI) Gurgaon, one of India’s premier business schools, is pleased to announce the second phase of admissions for its two-year Post Graduate Diploma in Management (PGDM) Online Programme. The admission window for this phase is open till January 6, 2025. Designed for working professionals, this AICTE-approved programme enables individuals to gain a prestigious postgraduate management qualification from a globally recognised institution without taking a break from their careers. Prospective students can apply via the official website to secure admission before the deadline.

“In today’s fast-paced world, career advancement requires a global perspective, critical thinking, and the ability to manage complexity. Our PGDM (Online) Programme equips students with these essential capabilities, fostering responsible leadership and entrepreneurial mindsets. At MDI, we blend rigorous academic learning with practical exposure, ensuring that our students are prepared to excel in a dynamic business environment.” said Prof. Mohita (Assistant Professor Faculty In-charge – Admissions and Career support for PGDM Online Programme) at MDI Gurgaon

Programme Strengths

The Two-Year PGDM (Online) program, AICTE-approved and AMBA-accredited, will transform online business education. This program features an immersive campus immersion lasting 8 to 10 days, designed for networking and learning, along with optional international immersion opportunities for global exposure. Participants will connect with peers and industry experts, fostering valuable relationships that support future growth. Notably, the program operates without any EdTech partners, ensuring a personalized learning experience through live interactive classes led by esteemed MDI faculty. Students will also enjoy remote access to the MDI-G library and receive comprehensive career guidance. Additionally, the program promotes student-driven activities, including sports and cultural events, enriching the overall educational experience. To encourage excellence, INR 10,000 scholarships are available for the top two students in the first eight modules. This program represents a significant opportunity for those seeking to advance their careers in a dynamic and supportive environment.

Comprehensive Programme with a Global Focus

The institute’s PGDM (Online) Programme mirrors the rigor of its flagship PGDM course, offering an integrated and global perspective on management. The curriculum is delivered through synchronous online classes, asynchronous self-paced learning, and campus immersion, ensuring flexibility without compromising academic rigor. The course structure encourages critical and innovative thinking, effective communication, and collaborative decision-making, all while emphasizing functional competencies across various business domains.

Curriculum Structure: Building Competence and Leadership

The first year consists of eight modules over six weeks each, covering core courses essential for building a holistic understanding of management. In the second year, students can tailor their learning by choosing elective courses from specialized areas such as Accounting and finance, Operations Management, Marketing, Organizational Behaviour and HRM, Information Management, Strategic Management, Business Analytics, and Energy Management. With 36 elective credits required, participants gain in-depth knowledge in their chosen areas.

Additionally, the final module focuses on a capstone dissertation, enabling students to apply their learning to real-world challenges. The entire programme is designed to cultivate a global mindset and leadership skills that will serve students throughout their careers.

Campus Immersion for Networking and Practical Exposure

The institute’s PGDM (Online) Programme offers a unique blend of flexibility and hands-on exposure. Three campus immersions are incorporated into the learning journey: a two-day induction bootcamp, a five-day deep-dive session, and a final programme wrap-up. These immersions allow students to interact with their peers, engage with industry experts, and benefit from workshops and sessions led by the institute’s esteemed faculty.

Moreover, an optional international immersion at the end of the programme allows participants to broaden their global perspective. The international immersion is a separate cost and will be organised based on interest from a minimum of ten participants.

Scholarships: Recognizing Excellence

In its commitment to recognising excellence, MDI Gurgaon offers scholarships of INR 10,000 each to the top two participants of every module throughout the first eight modules. This initiative encourages high performance and rewards those with outstanding academic and leadership potential.

Eligibility Criteria: Who Should Apply?

Prospective candidates should meet the following eligibility criteria to apply for the PGDM (Online) Programme:

● A minimum of 50% marks or equivalent CGPA in both Class X and XII.

● A Bachelor’s Degree (minimum 3 years) with at least 50% marks or equivalent CGPA in any discipline from a recognised university.

● At least 2 years of full-time work experience (as of December 31, 2024), excluding internships and apprenticeships.

● Proficiency in English is essential.

● After an initial application review, shortlisted candidates will be invited for a personal interview.

Applications should be submitted early, as seats are limited. Offers are made based on the available spots and the candidate’s fit for the programme.

The PGDM (Online) Programme from MDI Gurgaon provides a transformative learning journey for professionals seeking career advancement and leadership roles. The blend of rigorous academics, flexible delivery, and global exposure ensures that graduates can manage complexity, lead change, and create value in today’s rapidly evolving business landscape.

Jim Carrey: ‘I Never Left the Sonic Universe!’ on Sonic 3 Return

The world’s fastest hedgehog is back, and he’s faster, funnier, and bolder than ever! With the highly anticipated trailer for Sonic the Hedgehog 3 finally here, fans are gearing up for an electrifying adventure as Sonic, Tails, and Knuckles take on their toughest challenge yet. Packed with heart-pounding action, laugh-out-loud moments, and high-speed thrills, this installment promises to catapult the franchise to dazzling new heights.

But the true showstopper? Jim Carrey’s spectacular return as the legendary Doctor Eggman!  After stealing the show in Sonic 2, Carrey’s unmatched charisma and wickedly hilarious take on Eggman are set to light up the screen once more, leaving fans buzzing with excitement.

Reflecting on his return, Jim Carrey brought his signature humor and charm, saying, “I never left the Sonic universe! Where else would I go? The Sonic universe is all-encompassing. Only a fool would try to quantify it. I think it was Carl Sagan who said, ‘For creatures as small as we, vastness is bearable only through the collection of 50 rings or finding a chaos emerald.’ I’m paraphrasing, of course. Carl Sagan said something completely different, but I’m sure he was a very big Sonic fan, so I don’t think he’d mind.”

Sonic, Knuckles, and Tails reunite against a powerful new adversary, Shadow, a mysterious villain with powers unlike anything they have faced before. With their abilities outmatched in every way, Team Sonic must seek out an unlikely alliance in hopes of stopping Shadow and protecting the planet.

HDFC Bank Launches Pragati Savings Account for Semi-Urban and Rural India

The RBI opted for a wait and watch mode in todays’ policy, keeping its stance and policy rate unchanged as expected. The central bank successfully engineered a fine balance in its communication between the need to remain cautious on growth while achieving price stability. The growth forecast was revised down by 60bps to 6.6% while inflation was revised up to 4.8% for 2024-25. We expect GDP growth to average at 6.4% in FY25, with some pick-up in momentum in the second half of the year.

The more substantive announcement in today’s policy came in terms of the support for liquidity conditions through a CRR cut of 50bps, which is estimated to add INR 1.1 lakh crore of liquidity to the system. Banking system liquidity has come under pressure in recent days on account of tax outflows, foreign outflows and higher currency leakage. We expect the RBI to continue providing more “durable” support for liquidity through various measures including longer-duration fine tuning operations, Open Market Operations, and sterilising its FX interventions.

A February rate cut remains on the table, especially if growth momentum fails to pick-up meaningfully over the coming weeks. That said, a rise in global uncertainty and pressure on the rupee or domestic inflation could nudge the RBI to delay any rate cuts to the April policy – preferring prudence and patience over pre-emptive action.

Redefining Luxury Housing in India: BOP Co-Founder

6th December 2024: The luxury housing market in India has steeply grown on the curve, driven by a paradigm shift in real estate offerings. From selling homes to merely selling homes, the developers have evolved to making living spaces that respond to the high-value buyer’s aspirations regarding comfort, functionality, and exclusivity in one location.

According to Mr. Gaurav Mavi, co-founder of BOP.in, the premium segment grew by a tremendous 37.8 per cent with prime hubs becoming metropolitan cities like Mumbai, Delhi NCR and Bangalore this year.

“Delhi NCR has emerged as the hub with nearly 5,855 luxury units-a growth of a remarkable 72% in recent years. The demand here is mainly on account of homes having all modern amenities like private pools, landscaped greenery, advanced security systems, and designs that are friendly to the environment. These features marry up with an entire pattern of change in buyer preference, which has moved from aesthetic appeal only to functionality that supports remote work and leisure activities all within one space.” Mr Mavi informed.

“It hugely influenced consumerism. People responded by looking for roomy houses that they can stay in considering their lifestyles, and as a result, luxury houses have almost gained 41 percent of the whole market share of the real estate business. Buyers have started targeting houses that not only feature high luxury but are exclusive and experience-oriented as well.” Mr. Mavi added.

“Experts expect that growth within this segment will be continuous through the market and expects strong support from an enlarged economy, increased urbanisation rates, and increased rates of high-net-worth Indians. The momentum would pave an era of transformation of the Indian realty segment for which luxury homes shall equate with aspirational lifestyle. Developers are going to focus on lifestyle-centric innovations along with architectural finesse in their luxury housing projects so that the luxury housing market keeps up the good work and maintains its benchmarks for the next few years.” Mr. Mavi concluded.

Repo Rate Unchanged at 6.5%: Real Estate Sector shared its views

Repo Rate Unchanged at 6.5%: Real Estate Sector shared its views

The Reserve Bank of India (RBI), in its Monetary Policy Committee (MPC) meeting, announced that the repo rate will remain steady at 6.5%, as revealed by Governor Shaktikanta Das on Friday, December 6, 2024. This marks the 11th consecutive instance where the repo rate has been left unchanged. Additionally, the RBI has reduced the cash reserve ratio (CRR) by 50 basis points, bringing it down to 4%. The real estate sector has also expressed its views on these decisions.

Manoj Gaur, CMD of Gaurs Group and Chairman of CREDAI National

We once again applaud the RBI move to keep the repo rate unchanged. Given that retail inflation climbed to 6.21% in October, surpassing the RBI’s target range for the first time in a year, the decision by MPC to maintain the status quo on the repo rate is a welcome move. The move showcases the central bank’s commitment to bolster growth, which ultimately will also benefit the real estate sector. The sector is doing good all over the country and this move will definitely keep the bull run continue in real estate.

Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd

The Apex Bank’s decision to maintain the repo rate at 6.5% reflects a balanced and prudent approach to sustaining economic stability while fostering growth. This continuity provides a stable environment for the real estate sector, enabling developers to plan with confidence and homebuyers to benefit from favorable borrowing costs.

However, a rate cut in the future could infuse much-needed liquidity into the real estate sector, accelerating growth and enhancing accessibility for buyers. As India continues to experience robust economic activity, this stable monetary stance will act as a catalyst for long-term growth and investment across industries.”

Amit Modi, Director County Group

The decision to keep the repo rate unchanged by RBI will help the real estate sector continue with its upward trajectory. Despite some inflationary concerns, the current move speaks of India’s resilient growth and resurgent economy. Further, a 50 bps cut in CRR, also announced by RBI, will free up Rs 1.16 lakh crore liquidity for the banks and increase the money supply. It will boost the country’s growth, enabling the real estate sector to scale new heights.

Sandeep Chhillar, Founder and Chairman of Landmark Group

Keeping the repo rate unchanged at 6.5 percent doesn’t come as a surprise. However, the reduction in the existing repo rate would have been a great push for fence-sitters planning to take loans anticipating lower EMIs. The housing segment is witnessing exceptional growth numbers across cities, especially for the luxury housing segment. Keeping in mind the high demand and strengthened market sentiments, the realty sector is likely to sustain high growth momentum for the coming year.”

Mohit Kalia, Vice President (Sales) Raheja Developers

The RBI’s decision to keep the repo rate unchanged at 6.5% is once again a remarkable step for the sector. This stability is important as it affects consumers’ purchasing power and equally affects the sector’s growth. Also, it shows the government is considerate of buyers’ sentiments and expectations and supports the sector’s overall growth, significantly contributing to India’s GDP and future growth prospects. Thus, the sector shall once again reap its benefits.

Sanjeev Arora, Director 360 Realtors

By keeping the repo rate steady at 6.50% for one more time, the RBI has once again provided relief to both homebuyers and developers. The real estate sector continues to thrive, with growing interest in mid-range, premium, and luxury housing segments. This positive move is expected to maintain the sector’s upward momentum, benefiting all stakeholders involved.

Prateek Tiwari, Managing Director, Prateek Group

Keeping the inflation in view, the RBI has maintained the repo rate at 6.5% for the 11th consecutive time. The decision fosters stability amid the rise in housing demands. Besides, less volatility in the loan rates would instil greater confidence in the buyers and developers, welcoming long-term growth. We remain optimistic that this continued support will propel the rising demand in the real estate market, leading to lower rate cut in the future.”

Kushagra Ansal, Director Ansal Housing

The RBI’s decision to maintain the repo rate at 6.5% is a commendable move for the real estate sector. With the economy demonstrating strong performance, supported by robust GDP growth and controlled inflation, the sector is poised for continued success.

Rajjath Goel, Managing Director, MRG Group

The RBI’s decision to hold the repo rate at 6.5% is a significant enabler for the real estate sector. Stable borrowing costs bolster buyer confidence in high-value investments, especially in emerging luxury hubs like Gurugram. This move supports a sustainable growth trajectory for developers, encouraging innovation and premium offerings tailored to the evolving aspirations of discerning clients.

Saurab Saharan, the Group Managing Director of HCBS Developments

RBI’s decision to maintain the repo rate at 6.5% is expected to bring favorable growth to the housing market. Despite rising housing expenses, unchanged home loan rates provide relief to potential home buyers. As a result, stable interest rates benefit both buyers and developers, boosting confidence and investment in the sector. The RBI’s decision is poised to encourage the launch of new projects and support development in emerging areas of interest.”

Uddhav Poddar, CMD, Bhumika Group

While the RBI’s decision to maintain the status quo shows stability, the real estate industry would definitely benefit from a rate cut as the repo rate influences housing affordability and loan repayment terms, which is directly connected to the real estate sectors momentum.

Yash Miglani, MD of Migsun Group

The real estate sector continues to exhibit positive growth. Consumption is increasing, and more people are investing in the mid, premium, and luxury residential segments not just in metro cities but also in Tier 2 and Tier 3 cities. Developers, on their part, have accelerated the pace of new launches, as reflected in reports from recent quarters. India is firmly on the path of progress, and the Reserve Bank of India’s decision to keep the repo rate unchanged will further motivate the sector. This move will also provide relief to borrowers by ensuring that their EMIs do not increase”.

Mr. Sanchit Bhutani, MD, Group 108

The RBI’s move to maintain the repo rates reflects a thoughtful approach to balancing inflation control with economic growth, a key factor for the real estate sector. Keeping the SDF and MSF rates unchanged reinforces market stability, while the FY25 inflation forecast of 4.5% signals the central bank’s positive outlook. However, the surge in metal prices could pose inflationary challenges. This stable monetary environment is expected to boost growth in commercial and retail real estate. We are confident that this consistency will sustain demand in overall sectoral growth.”

Ambika Saxena, Director, Corporate Communications, Bayside Corporations

The RBI’s decision to keep the repo rate unchanged at 6.5% is a welcome move for the real estate sector. Stability in borrowing costs ensures continued momentum in both residential and commercial segments, particularly as homebuyers and developers alike look for predictability amidst evolving market dynamics. This policy stance will further boost confidence, encouraging long-term investments in real estate

Neeraj Sharma, MD, Escon Infra Realtor

By holding the repo rate steady, the RBI has provided a predictable framework for borrowing costs, which is crucial for financial stability and market confidence. This decision is particularly significant for the real estate sector, as it keeps home loan rates competitive, making housing more accessible for end-users and driving demand in the residential segment. Additionally, the stability in rates supports developers in managing project financing efficiently, encouraging timely project completions and new launches. Such a balanced approach strengthens the sector’s ability to cater to India’s growing housing needs while contributing to the broader economic growth trajectory.

Harsh Gupta, CEO of Sundream Group

The RBI’s decision to keep the repo rate steady at 6.5% provides a much-needed stability to the real estate market. This consistency ensures home loan interest rates remain manageable, which is crucial for sustaining demand in the residential segment. Furthermore, the neutral policy stance signals confidence in the current economic trajectory, offering a boost to investor sentiment in commercial real estate. Developers can now focus on launching projects without the immediate concern of fluctuating borrowing costs, potentially accelerating project pipelines and enhancing market supply.

SKA Group Director Sanjay Sharma

RBI has once again met buyers’ expectations by keeping the repo rate stable at 6.50% for nearly two years. After the last Monetary Policy Committee meeting, we were expecting a rate cut based on the RBI’s stance. However, this decision will not only keep interest rates stable for potential buyers but also maintain public confidence. This is a welcome move by the RBI, and we hope that the rapid growth in the real estate sector will continue. This decision will benefit both buyers and developers. Additionally, the 50 basis points reduction in the CRR will increase liquidity in the market, which, in turn, will indirectly benefit the real estate sector.”

Ravindra Gandhi, Managing Director of Tirasya Estates

The RBI’s move to maintain the repo rate and adopt a neutral stance brings positive news for the real estate sector, offering advantages for both homebuyers and developers. This decision aligns with a period of revitalization in the industry, marked by regional growth and improved offerings. It reflects economic stability in India, even in the face of global uncertainties. Additionally, the unchanged rate opens the possibility for future reductions, inspiring greater confidence.

Ajendra Singh, Vice President of Sales and Marketing at Spectrum Metro

RBI has kept the repo rate unchanged at 6.5% for the 11th consecutive time. The central agency has made this decision considering inflation. However, in our opinion, the agency could have considered revising the rate by up to 25 basis points, as it would have further supported the economy. The Indian economy is expected to grow at a rate of 7% in FY25, making it one of the fastest-growing markets at a time when global growth is mostly sluggish. A reduction in CRR will bring liquidity into the market. This is bound to lead to a market rally.

Ashwani Kumar, Pyramid Infratech

The sector has long experienced a surge in demand for high-end properties. Keeping the repo rate unchanged at 6.5% will further boost the sector’s growth to new heights, strengthening both commercial and residential segments and opening the gateway for developers to launch projects in emerging areas of interest. The decision also shows the government’s consideration of buyers’ sentiments, paving the way for increased sales. We look forward to sustained buyer interest in the sector and enable bankers and financial institutions to come up with lucrative offers.”

Piyush Kansal, Executive Director of Royale Estate Group –

As widely anticipated, the RBI decided to keep the repo rate unchanged for the 11th consecutive time. This stability continues to create supportive growth for both buyers and developers, encouraging greater investments. The decision is also in line with the sector’s growth in tier 2 and 3 cities. Moreover, as property prices have steadily increased, the unchanged interest rates will not only facilitate easier access to financing but also inspire developers to launch new projects, ultimately fostering growth and innovation in the sector.

Manit Sethi, Director, Excentia Infra

The real estate sector has always contributed to the country’s economy. Though we were expecting the rate cut of 25 basis points, but keeping the repo rate unchanged for the 11th time will prove favourable amidst India’s resilient economic growth. Particularly, as luxury housing gains momentum in tier 2 cities, this steadiness will stabilize the loan rates and sustain buyers’ interest in the sector. On the other hand, the decision to cut CRR by 50bp will facilitate liquidity in the market, further strengthening the sector’s growth. Additionally, it is a huge step towards easing the financial strain on prospective buyers. Given real estate’s sensitivity to price fluctuations, the RBI’s steady approach is expected to provide a valuable boost to the industry.

Salil Kumar, Director – Marketing & Business Management, CRC Group

The RBI’s decision to keep the repo rate unchanged aligns with the sector’s growth. As the sector sees rising demand in the residential and commercial segment, the decision will encourage buyers to proceed with investing in properties without fearing rising loan interest rates. The decision also coincides with the growth of luxury housing, providing much-needed relief to potential buyers. We believe this stability will likely enhance buyer interest in luxury real estate, motivating developers to create more projects.

Prakash Mehta, the Chairman and Managing Director of Ocus Group,

For the 11th consecutive time, RBI has maintained the sector’s confidence by keeping the repo rate unchanged. In addition, the decision to cut CRR by 50bps has instilled greater confidence in the commercial sector. The lower interest rates will bring more prospective investors and businesses to the sector. This decision not only alleviates financial concerns but also demonstrates the authorities’ commitment to controlling inflation. We commend this prudent move and its positive impact on the market, which will continue creating attractive investment opportunities for buyers across the sector.

Gurpal Singh Chawla, MD, TREVOC

We welcome the RBI’s decision to maintain the repo rate at 6.5% for the eleventh consecutive time. While this is the highest rate since April 2016, it highlights a commitment to stability, especially given inflationary pressures that exceeded expectations in October. This stability is crucial for fostering the country’s economic growth and benefitting the real estate sector. Looking ahead, we remain optimistic about a potential rate cut in February next year as the RBI’s stance on maintaining the status quo approaches the two-year mark. While it will make home loans cheaper for home buyers, lending rates for developers, too, would come down. Even a minor rate cut of 25 basis points will act as a major psychological booster for real estate

Dr. Gautam Kanodia, Founder of KREEVA and Kanodia Group

The RBI’s decision to keep the repo rate unchanged will bode well for the realty sector as it will continue facilitating stability in the realty market. For home buyers, it will enable sustained affordability in home loans, further propelling the housing demand across segments. The decision of unchanged repo rate is a significant step towards the economic balance propelling the long-term growth in the real estate market

Prateek Mittal, ED, Sushma Group

The RBI’s decision to keep the repo rate unchanged was largely on the expected lines. As tier 2 and 3 cities witness an upsurge in property sales, the move is in sound with the real sector’s growth. Meanwhile, a 50bps cut in CRR will foster liquidity in the market and enhance the sector’s performance. As loan rates remain favorable, we look forward to the authorities continuing this momentum in the coming announcements

Pawan Sharma, MD, Trisol RED

The RBI’s steadfast approach to maintaining the repo rate at 6.5% reflects its commitment to ensuring economic stability amidst global uncertainties. This consistent policy not only helps in mitigating inflationary pressures but also fosters a conducive environment for sustained economic growth. A stable interest rate environment encourages confidence among investors, promotes steady inflows of capital, and provides the real estate sector with the predictability required for long-term planning. This decision will continue to support housing affordability and drive the momentum of infrastructural and urban development across the country.”

Nandni Garg, Director, Rajdarbar Ventures

The neutral stance adopted by the RBI sends a strong signal of resilience and balance in monetary policy. By keeping the repo rate unchanged, the central bank ensures that borrowing costs remain stable, which is a significant relief for homebuyers. This continuity supports sustained growth in the real estate sector by enabling developers to plan their projects with clarity, while aligning consumer aspirations with affordable financing options. For homebuyers, stable home loan interest rates mean enhanced affordability and the confidence to invest in their dream homes, further fueling demand in the residential market.”