Quote on RBI announcement: Mr. Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd

Mr. Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd

“The Reserve Bank’s accommodative stance is ideal to sustain a broader economic recovery. While the optimism about a steady economic recovery is gladdening, we believe that the recovery may need some more room from a good monetary-fiscal policy combination. The real estate industry is making recovery across many markets. With home loans still remaining at bottom levels, we believe the buying activity will soon be accelerated by those who have not used this favourable scenario to their advantage yet.”