Realty firms and consultants hoped however that this would be the last round of monetary tightening by the central bank.
Expressing disappointment over RBI's decision to hike the key policy rate, real estate developers said this would lead to increase in finance cost and also affect housing demand during the festive season.
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RBI on Wednesday surprised the markets by leaving key policy rates unchanged, notwithstanding persistent high inflationary pressure.
After initiating stern action against 331 companies, the market regulator seems willing to revoke its stringent restrictions for some entities.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
Indian markets ended on a lower note after the stimulus announced by the European Central Bank (ECB) failed to meet expectation.
The BSE Realty Index is on a downhill journey.
Delhi Stock Exchange's (DSE) struggle to end its life without hurting the diverse interests of its multiple stakeholders will continue into another year.
Nifty snaps 10-day winning streak
The real estate industry today hailed the RBI's decision to cut key interest rate, saying the move will boost housing demand and also improve sentiments in the sluggish property market.
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