Views from RERA Expert Advocate Ishanee Sharma on today’s RBI’s announcement of REPO rate reduction by 25 bps

New Delhi, October 05, 2019: RERA Expert Advocate Ishanee Sharma said: “The RBI has undoubtedly infused a lot of positivity in the Real Estate market at the onset of the festive season with 25 basis point reduction in Repo rate. it’s being fifth straight rate cut resulting in the overall 135 basis point reduction in Repo rate, the home buyers may expect drastic reduction in home loan interest rate which will further spur buying at this most auspicious time, and altogether enhance the much-awaited momentum of growth in the real estate sector. We are further hopeful that such a positive announcement will also bring renewed optimism to all the stakeholders of the real estate sector and the long-prevailing slow demand scenario will end soon.”

Corporate Comm India (CCI Newswire)