[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Shubham Pundir staff of Kamagroup Pvt. Ltd. Here I have important INDIA REAL ESTATE news to share with you which is as under mentioned.
Reserve Bank of India (RBI) repo rate cut of 35 bps to 5.4% announced in the latest monetary policy has been cheered by the real estate builders.
This rate cut, the fourth consecutive cut since February 2019, is meant to boost consumer sentiments once commercial banks transmit the benefits to actual consumers. The short-term lender rate now stands at 5.40 per cent.
"For real estate, a rate cut of 35 bps is however insufficient to significantly improve buyer sentiment in the mid-income segment, which still has a staggering unsold inventory of 2.17 lakh units in the top seven cities," said Anuj Puri chairman Anarock Property consultants.
Read more at: https://economictimes.indiatimes.com/wealth/real-estate/rbi-monetary-policy-repo-rate-cut-to-boost-affordable-homes-sales/articleshow/70569783.cms
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