The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) reduced the repo rate by 25 basis points to 5.25% from the earlier 5.5%. A repo rate cut trims the cost of borrowing for commercial banks, leading to lower interest rates on loans, including home loans. This is an indirect boost for the real estate sector by increasing affordability for prospective homebuyers, especially in the affordable and mid-income segments. Advertisement

Here's a look at how real estate industry responded to the RBI repo rate cut.

Parveen Jain, President, NAREDCO said, "For real estate, lower interest rates make home loans more affordable, which supports homebuyers and strengthens demand. The positive impact will extend to allied industries as well, helping generate more employment. In Tier 2 and Ti

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