Repo rate cut: Another transformative pro-industry step for the Indian real estate

By Madhusudhan G, Chairman and MD, Sumadhura Group

“After lowering the GST rates, this second consecutive repo rate cut by RBI will further propel the Indian real estate industry into a recovery drive in the coming year. There is already a significant boost witnessed in the housing sales after the first repo rate reduction, and this move is another shot in the arm. However, the industry would be hopeful that RBI establish a mechanism for effective transfer of these rates leading to lower lending rates, which would accelerate consumer spending, further bolstering economic growth.”

Corporate Comm India(CCI Newswire)