by Mr. Kishor Pate, CMD - Amit Enterprises Housing Ltd.:
Considering the level of economic distress at the current time, we do not expect the new RBI Governor to introduce any sweeping changes in the monetary policy.
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| Kishor Pate, CMD - Amit Enterprises Housing. |
While the real estate industry as well as home buyers were looking forward to easing of interest rates, the cost of funding has in fact been increased.
However, we must face the fact that the rupee is currently far from stabilized and inflation has also not yet been brought in check.
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