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RBI Cut Repo Rate: The decision of the Reserve Bank of India on Wednesday to declare a deficiency of 25 basis points in the repo rate by 6% has brought happiness in the real estate sector. In the three -day meeting of the Monetry Policy Committee of the Central Bank under the leadership of Governor Sanjay Malhotra, a decision was taken on loan EMI. After this decision, the real estate sector hopes that the region will get further strengthened amidst current global uncertainties.
Pankaj Kumar Jain, director of KW Group, says, “The decision to reduce the interest rate at the rate of 25 BPS for the second consecutive time will promote the sector. However, the current status of the economy is at risk due to the global tariff war and the status quo was expected from the RBI. The major indicators of the economy are stable as the GDP growth rate is 6.5% and the money is reduced by the RBI at the same time. The sector will appreciate.
On the other hand, Trehan Group’s Managing Director Summary Trehan says, “Reducing the repo rate to 6.00% is a commendable and visionary decision of RBI, which will have a positive and widespread impact on the real estate sector. Now the decrease in loan interest rates will give direct benefits to homebeelers, which will be more accessible to take loans and will increase in the current economic perspective. Investors will act as a strong incentive. Especially in Tier 2 and Tier 3 cities, where the demand for affordable and price-driven housing is high, this step can also be seen by the RBI’s growth and ensuring the liquidity, which is extremely necessary for the continuous growth of the real estate sector.
Whereas, Vikas Garg, Joint Managing Director of Ganga Realty, says, “RBI’s decision to reduce the repo rate by 6.00% is a commendable step, which will strengthen the status of home loan borrowers, because it will reduce EMI and increase the reach of affordable housing .. This decision, which is taken with ‘generous’ stance, gives a positive indication and a positive indication of consumer sentiments. Will do .. Real estate sector, especially in affordable and mid-segment housing, this step will strengthen demand and investment .. Repo rate cuts and better liquidity together will play an important role in speeding up the housing sector .. ”
