The revised repo rate, A Review by Gaurav Mittal, MD, CHD Developers, Ssumit Berry, Managing Director, BDI group, Rahul Singla, Director, Mapsko Group

New Delhi, August 06, 2018:

Gaurav Mittal, MD, CHD Developers  says; The repo rate has increased again by 25 bps to 6.50%. With the introduction of RERA, there is transparency in the sector and the rise in repo rate is not likely to hurt the sentiment of the buyers. We also hope that the RBI would relax its monetary policies in the near future which can drive demand and sales in the market.

Mr. Ssumit Berry, Managing Director, BDI group  says; The increment in the Repo rate may seem to dampen sentiments in the market but  for the real estate fraternity, it may have little or no impact. As almost all home loans these days are on floating rates, the increase and decrease in home loan rates do not impact the working of residential real estate sector much and tends to balance each other in the long term. 

Rahul Singla, Director, Mapsko Group says;  As a developer we are welcoming this step taken by the government. The Reserve Bank of India has increased the key repo rate (the rate at which the central bank infuses liquidity in the banking system) by 25 basis points to 6.50%.It is likely to impact the sentiments of the buyers. We hope that financial institutions may cut down on their lending rates for their customers 

Corporate Comm India(CCI Newswire)