Mr. Vineet Relia, Managing Director of SARE Homes
April 5 2016, 12.43 PM IST || Pocket News Alert
“In line with the decisions taken by the Government in recent times by way of clearing the Real Estate Bill and passing the Model Building ByeLaws to improve ease of doing business in the real estate sector, the decision of RBI to reduce REPO rate by 25 basis points today is a welcome move and is likely to spur demand in the housing sector. The real estate sector has seen sluggish demand in the last few years and the reduced rate cut will allow banks to offer loans at more attractive rates. Cheaper loans for home buyers will reduce EMI burden on buyers which is likely to see renewed interest in residential property purchase. Overall, the rate cut will positively impact sentiments surrounding the real estate market.”
