Views from Mr. Satish Magar,President ,CREDAI National, basis the RBI’s decision to reduce repo rate.

New Delhi, October 05, 2019: “The cut in repo rate by RBI to 5.15% is along expected lines. It will lower the interest burden on home buyers inducing higher demand. On the other hand, the downward revision of GDP growth to 6.1% from 6.9% earlier is an ominous sign. Improved tax incentives for home buying offer a quick fix which Government may like to consider immediately”

Corporate Comm India (CCI Newswire)