Kolkata, Feb. 7 -- Ambuja Neotia Group Chairman Harshavardhan Neotia on Friday welcomed a reduction in the repo rate by 25 basis points to 6.25 per cent, saying it is a positive step toward boosting credit availability and making home loans more accessible.
Commenting on the RBI Monetary Policy announced today, Neotia said, "Along with recent tax incentives, this move is expected to drive spending and investment. Lower borrowing costs will also encourage capital expenditure in luxury hospitality, fostering premium resorts, boutique hotels, and lifestyle destinations. Improved liquidity will empower developers, spur tourism, create jobs, and strengthen economic growth, instilling confidence in long-term investments."
Managing Director, P...