The Reserve Bank of India's (RBI) decision to keep the benchmark repo rate unchanged at 5.25% on Friday has been welcomed by real estate developers, who believe policy stability will help sustain housing demand, support affordability and provide greater visibility for project planning.With retail inflation easing to 3.48% in April and remaining below the RBI's 4% target, industry stakeholders see little immediate pressure on interest rates, creating a favourable backdrop for the housing market.Stability supports market confidenceDevelopers believe the biggest takeaway from the RBI's decision is the predictability it brings to both homebuyers and businesses.Manik Malik, CEO & President, BPTP, said a stable interest rate environment supports predictability for homebuyers and developers alike, aiding financial planning and investment decisions. He noted that continued rate stability could help sustain momentum in the residential market, particularly across mid and premium housing segments.Pratik Tibrewala, Senior Vice President & Head Corporate Finance at M3M India, said the unchanged repo rate would translate into manageable home loan costs and strengthen conviction among prospective buyers. He added that a stable environment further reinforces real estate's position as a dependable long-term asset class.Certainty matters amid global volatilityThe RBI's decision comes against a backdrop of geopolitical tensions and concerns over rising input costs. Industry executives say policy continuity is crucial in such an environment.Aman Sarin, Director & CEO, Anant Raj Limited, described the move as a welcome one, saying stability in interest rates is important for maintaining overall confidence in the market. He said stable borrowing costs make it easier for businesses to plan investments, manage cash flows and focus on project execution.Sarin also highlighted that for many homebuyers, affordability today is increasingly linked to certainty in monthly repayments rather than simply lower interest rates.Housing demand likely to remain resilientReal estate players expect steady borrowing costs to continue supporting buyer sentiment and housing demand.Pushpender Singh, Managing Director, JMS Group, said the decision brings much-needed stability and predictability to the sector. According to him, it sustains affordability and supports sentiment in an already improving market.Rishabh Periwal, Senior Vice President, Pioneer Urban Land & Infrastructure Ltd., said a steady rate environment ensures predictability in home loan costs, encouraging buyer confidence and sustaining housing demand. He added that stable funding conditions also allow developers to better plan project launches and execution timelines.Developers gain planning visibilityBeyond demand, the policy pause is expected to aid developers in making long-term investment decisions.Preeti Rai, President Sales and Strategy, Origen Realty, said a stable interest rate environment enables developers to plan investments and project execution with greater certainty. She added that policy continuity would help maintain positive market sentiment and support the sector's steady growth trajectory.Stability over stimulusWhile some market participants were hoping for a rate cut, developers appear equally encouraged by the RBI's decision to maintain the status quo. With inflation under control and home loan rates remaining relatively comfortable, the industry believes policy stability is providing the confidence needed to sustain growth across India's residential real estate market.For homebuyers, investors and developers alike, the message is clear: in the current environment, certainty may be proving just as valuable as lower borrowing costs.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)