New Delhi, August 06, 2018: Reserve Bank of India has yet again hiked the repo rate by 25 basis points in its bi-monthly monetary policy review. This would in turn increase the home loan EMIs, bringing in further woes for home buyers making the home EMIs even more costlier. This is the second consecutive increase in repo rate by RBI which would lead to an increase in the interest that the customers pay to the bank on home loans. The hike will be a big dampener for the real estate market as it will negatively impact the sentiments of potential home buyers, especially in the affordable housing segment. Such moves are not at all in sync with the government’s vision of ‘Housing for all’ and will further afflict the sector which is still recovering from the impacts of demonetisation and implementation of GST.
Corporate Comm India(CCI Newswire)
