New Delhi, April 17, 2020: “For the real estate sector facing the most challenging dual crisis of the ongoing recession and a sharp dip in demand due to COVID-19 impact, the RBI’s move of lowering the reverse repo rate by 25 bps has come as a pleasant surprise which will surely inject optimism and enthusiasm in the market. While it will lead to more liquidity in the system that means infusion of funds for all stakeholders of the economy, it will surely provide relief to the industry by mitigating the emerging fears and helping the economy bounce back on the growth track. Apart from reviving the market sentiments, it will further result in bringing down the home loan rates and help the industry overcome the current devastating scenario filled with uncertainty.”
Corporate Comm India (CCI Newswire)
