Real estate stocks fall after the RBI's first rate rise in three years, to 5.50 per cent
- Real estate stocks fell on October 7 after the RBI raised the repo rate by 25 basis points to 5.5% and tightened its policy stance.
- DLF fell 1.7%, Lodha Developers over 2% and Aditya Birla Real Estate 3.1%, while Prestige Group dropped 2.6%.
- The RBI’s shift to “calibrated tightening” signalled that rate cuts are unlikely soon, dampening investor sentiment towards property stocks.
- Higher home-loan costs could hurt affordability and demand, especially among first-time buyers and households seeking affordable housing.
Source: moneycontrol.com
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