RBI reducing the repo rate further by 25bps, making it second reduction in the year owing to controlled inflation – Mr. Rakesh Reddy, Director, Aparna Constructions & Estates Pvt. Ltd

New Delhi, June 08, 2019: “Revision of repo rate by 25bps by RBI for the second time this year is a much needed and encouraging move for the real estate sector. Such consistent initiatives not only help ease liquidity crunch, it also aids in improving access to affordable credits thereby reviving consumer demand and overall health of the sector. Recent reduction in GST for under construction properties clubbed with easing the interest rate will surely provide the much needed stimulus to the end user demand. We are hopeful that these benefits will be passed on to the homebuyers by the banks as affordable home loans have a direct influence on buying sentiments in an ancillary way.”

Corporate Comm India(CCI Newswire)