The Reserve Bank of India’s (RBI) decision to cut the repo rate by 25 basis points is expected to ease EMI burden for homebuyers and ignite fresh housing demand, developers and industry experts said on December 5.

The reduction will bring down borrowing costs for both consumers and builders, creating a more favourable environment for property purchases and new investments, they added.

“This is likely to push the banks to transmit previous rate cuts more aggressively and shift towards a more growth-supportive stance,” Anshuman Magazine, chairman and CEO-India, South-East Asia, Middle East & Africa, CBRE, said.

The RBI’s monetary policy committee lowered the repo rate to 5.25 percent after leaving it unchanged in the previous August and October. The rate-setting panel has now cumulative

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