By Admin 
RBI Repo Rate Cut: The Reserve Bank of India is once again talked about cutting the repo rate. According to a report by the State Bank of India (SBI), the Repo Rate can be announced by a 25 basis point cut in the Repo Rate meeting to be held from August 4 to 6.
Demand of homes will increase with cheap loans
Dr. Gautam Kanodia, founder of Kriva and Kanodia Group, says that there is a balance and foresight in the RBI policy, which has benefited the real estate sector. After the three -time cuts made in the last months, if the repo rate is reduced one more time, then it can give further speed to both sales and booking in real estate.
He said, the availability of cheap loans will increase the confidence of home buyers and the availability of cash in the market will also be better. At present, when there has been a steady option for real estate investors when economic activities continue to fluctuate, a possible deduction in repo rate may prove to be a step to encourage the country’s economy and strengthen the perception of investors.
A better environment will be made to buy a house
Similarly, Ashok Singh Jauunapuria, MD and CEO of SS Group, says that according to the recent report of the Finance Ministry, the retail inflation (CPI) in the country remains below 4 percent continuously, which leads to further cuts in the repo rate. The three -time deduction so far shows that the government wants to encourage demand in the real estate sector. If there is another cut of 25 basis points in the repo rate in August, then home buyers will get direct benefit. This will not only increase the trust of the buyers, but will also create a better environment to buy a house in the market.
Mid-segment buyers will increase participation
The head of marketing, sales and CRM of M2’s group, Dr. Special Rawat, says that the impact of the cut cut in the repo rate was clearly visible, reducing the interest rates of home loans and increased the participation of mid-segment buyers.
If the RBI cuts 25 basis points in the upcoming policy meeting, then the real estate sector will get new energy. This will not only increase the trust of the buyers, but the developers will also get funding at affordable rates for the projects, which will speed up construction activities.
CRC Group Director Marketing and Business Management Salil Kumar says that this year the major policy rate repo has been cut by the central bank. Interest rates have decreased in the last few months, which has improved the environment for people to buy a house.
If the repo rate decreases once again, then the real estate market will get good benefit before the festive season and the people who invest will also be more active. Due to low repo rate, all loans like home loan, car loans become cheap, which also reduces the EMI of the people.
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