Reaction from Samyak Jain, Director, Siddha Group on RBI Policy

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New Delhi, August 10, 2019: “The RBI’s decision to cut the repo rate by 35 bps to 5.4% is a progressive step taken for the real estate sector. This announcement is anticipated to help reduce the home loan rates which will further encourage people to buy homes. We hope to see a significant rise in investments in the market with an uplift in sales of under constructed homes and stimulation in the affordable luxury segment. The RBI has once again played its part with the fourth rate cut this year and we hope to see the banks pass on the benefits to the homebuyers.” Mr. Samyak Jain, Director, Siddha Group. 

Corporate Comm India (CCI Newswire)