| Real-estate developers and property consultants termed the RBI hiking key rates as harsh and said it would compound the woes of the sector reeling under high input cost and poor sales.
Pradeep Jain, Chairman, Confederation of Real Estate Developers' Association of India (CREDAI), said, “Unless steps are taken to improve supply system, this increase by RBI is going to have a minimal effect on inflation. While we were expecting a moderate hike of 25 bps, the 50 bps raise is going to dampen growth..............................................Full Article: Source
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