Hyderabad, Dec 1 (Bureau) Ahead of the two-day Monetary Policy Committee (MPC) meeting headed by RBI governor scheduled to be held from Dec 2, Housing.com, Makaan.com and PropTiger.com Group CEO, Dhruv Agarwala on Monday opined that the real estate sector will benefit from a further reduction in home loan interest rates. The RBI has announced several favourable measures this year for this sector; however, more needs to be done such as the decision on Input Tax Credit, Mr Agarwala said in a statement .
The sector will obviously benefit from a further reduction in home loan interest rates but we feel that there is hardly any scope for a further rate cut this year, he said. The sector should try to take advantage of the opportunities arising out of the decisions taken by the RBI over the past few months, the statement added. The resolution of the sixth bi-monthly MPC meeting would be announced on December 4.