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Seetaram Awasthi's comment on RBI increases repo rate: Will it further hurt Gurgaon's already slowing real estate market?

I am not sure if the increase in REPO rate was very much required. As mr. Relia said - it will bring in price stabilization. But does that also not mean that it will scare off investors? Gurgaon real estate market is driven by investors and NRIs and not common man. It prices stabilize, will it help the industry?
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