The 25 basis point slash in the repo rate and the reverse repo rate in the third bi-monthly Reserve Bank of India (RBI) policy 2017-18 will have a positive impact on the real estate market. This move is expected to make home loans cheaper if the banks pass on the benefits to the consumer improving the buyer’s sentiment to invest in the market.
The Government and RBI are working closely to provide a major thrust to housing for all. Faster GDP growth and declining interest rates will collectively help boost the growth of the real estate industry.
Sanjay Jain , Group Managing Director, Siddha Group