New Delhi, April 8 -- Real estate developers and property consultants on Wednesday welcomed the Reserve Bank of India's decision to keep the policy repo rate unchanged at 5.25 per cent, saying the move will keep home loan rates stable and support housing demand amid global uncertainties.

Industry players said the RBI's decision provides predictability for both developers and homebuyers at a time when construction costs remain under pressure due to global geopolitical tensions.

Shrinivas Rao, CEO of Vestian, said the decision "is likely to keep mortgage rates steady and competitive" even as input costs remain elevated due to the ongoing West Asia crisis.

He added that the pause in rates could help "cushion the impact of rising input cos...