India 09 August 2016: Mr. Anshuman Magazine, CBRE, Chairman, India and South East Asia, said,“The RBI's latest bi-monthly monetary policy review is in line with industry expectations—with the Repo rate, CRR, and inflation targets remaining unchanged. Inflation, however, remains a concern for the Central Bank. As banks have just modestly passed on the RBI’s previous rate cut benefits to consumers till date, the real estate industry had expected some amount of further monetary easing that could have helped rejuvenate housing sales. Nonetheless, we are confident that the Government will continue to promote structural reforms such as the GST, while working towards reviving the residential real estate segment.”
