Real estate
The Reserve Bank of India (RBI) has now cut the repo rate in April after February. In two months, RBI has cut the repo rate by 50 basis points. This decision of RBI will give great relief to those taking home loans as their EMI will be reduced. This decision of RBI has been welcomed by the real estate sector. Industry experts say that this decision will reduce the EMI of people already with loans. On the other hand, demand for property will increase. Let’s know the reaction of the realty sector on repo rate cuts.
National President of Nareedko, G Hari Babu said that the RBI reduction of 25 basis points in the repo rate will give a boost to the real estate sector. Low interest rates will make home loans affordable, which may increase the demand for housing in all categories. Commercial real estate will also benefit. Anantram Varayur, co-founder of Manasum Senior Living, said that the interest rate cut by RBI is quite positive for real estate. This decision of RBI is also expected to promote economic growth.
The wheel of the economy will be fast
Rakesh Yadav, CMD of Space India, said that the RBI cut 25 basis points for the second consecutive time is a welcome step. Now the repo rate has come down to 6%. This will make all kinds of loans cheap. Those taking home loans will get special relief. The RBI has further indicated another cut in the repo rate. This will improve the property of the property market and increase the demand for property. This will work to speed up the Indian economy. Real estate is a very large sector. Increasing demand in this sector will automatically intensify the wheel of the economy. Overall, the policy stance is a step in the right direction, which is going to support economic development while keeping inflation under control.
Good for affordable and mid-segment housing
Vikas Garg, Joint Managing Director of Ganga Realty, said that reducing the repo rate is a commendable step of RBI, which will strengthen the status of home loans. In the real estate sector, especially in affordable and mid-segment housing, this move will strengthen demand and investment.
According to the Summary Trehan, the managing director of the Trehan Group, the decrease in the repo rate will have a positive and widespread impact on the real estate sector. In the current economic perspective, it is good for the cut, end-users and investors-both. Especially in Tier 2 and Tier 3 cities, where affordable and mid size houses are high.
Dharmendra Raichura, vice -president and head of the Ashra Group, said that the RBI cuts the repo rate by 6% by cutting 25 basis points, a strategic step towards balanced economic growth with inflation stability. This step will provide cheap loans to both the home buyers and developers.
Concern over inflation decreased
Director of County Group, Amit Modi said that repo rate cuts are good news, but more than that, the RBI has changed its policy to ‘support’ from ‘neutral’. Along with this, concerns about inflation have reduced and oil prices have also come down. All these together will increase consumer expenses, intensify development and the real estate sector will get strengthened.
Director of SKA Group, Sanjay Sharma says that the repo rate cut of 25 basis points for the second consecutive time shows that the government wants to promote economic activities, which will directly benefit the real estate sector. CRC Group Director (Sales and Marketing) Salil Kumar said that there may be another cut in the next meeting to be held in June. Inflation is still under control and amid international threats like Trump Tariff, this step will strengthen the country’s economy, increase people shopping and when there is more money in the market, there will be good days for the real estate sector.
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