Thane/ Mumbai: The RBI’s 25 basis-point repo rate cut will prove to be a significant booster for Thane’s real estate, positively impacting residential and commercial real estate, said Sachin Mirani, President, CREDAI MCHI Thane.

“As inflation comes under control, economic growth will move upward with obvious impact on Thane’s real estate,” he added.

Faiyaz Virani, Hon. Secretary, CREDAI MCHI Thane said he expected the reduced interest rate regime to work at two levels. “First, it will enhance homebuyer affordability, and secondly, will ease borrowing costs for real estate developers - in effect, improve overall market liquidity.” Read Also RBI Cuts Repo Rate By 25 Basis Points To 5.25% From 5.5% To Spur Growth

“The RBI’s calibrated 25 bps rate cut is a welcome move, one which will a

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