Reduction in SBI home loan interest rate: A new year gift for realty sector

Mr. Madhusudhan G., Chairman and MD, Sumadhura Group

New Delhi, December 31, 2019: “The reduction in existing home loan interest rate by SBI is a new year gift for home buyers and real estate developers. The rate cut from 8.15% to 7.90%, will certainly ensure a positive sentiment in the residential segment and will increase the confidence of potential home buyers. In the near future, we could expect reduction in home loan interest rates from other banks as well, which will help revitalize the entire realty ecosystem.

This move will further accelerate the demand for homes in the coming years, leading to a sustainable growth of the real estate sector. It also promotes affordable housing, thereby achieving the goal of Housing for All 2022.”

Corporate Comm India(CCI Newswire)