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Created with Fabric.js 1.4.5 Receding Repo Rate Received With Rave A 25bps rate cut by RBI is on expected lines; and very much warranted atthis stage looking at the strong macroeconomic indicators that haveemerged in the last couple of weeks. The quantum of cut could have beenmore,nevertheless the apex bank needs to consistently reduce rates and banks must respond with alacrity in equal measure in order to propel investment and spur demand, especially in the housing sector Mohit Goel, CEO, Omaxe Ltd This decision will also boost stakeholder sentiments for capitalcommitments. While lower interest rate alone may not be a reason for celebration for the real estate sector, however, a definitive indication about its future direction is a reason enough to put consumer sentiments at a higher pedestal and infuse a sense of optimism. Shishir Baijal, Managing Director,Knight Frank India, We were hopeful that the apex bank would lower the key rates in its February 3 review. Todays decision would help reduction in EMIs thereby encouraging fence sitters to conclude deals. Developers would also get funds at comparatively lower rates. We expect banks would also lower down their interest rates with immediate effect. Pradeep Jain,Chairman, Parsvnath Developers COPYRIGHT © Realty Bytes | Twitter realtybytesofcl Facebook realtybytesofficial Twitter : realtybytesofcl Facebook : realtybytesofficial
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