Summary:
According to developers the rate cut has given an impetus to the real estate industry and will boost home buyers sentiments. The real estate industry that has been facing a slow down will get a boost with the cut in the repo rate by 25 basis points. REPO RATEThe RBI’s decision to reduce the repo rate by 25bps from 6.25 per cent to 6 per cent today is welcomed by real estate developers. The last rate cut of 25bps was announced in February 2019. "The rate cut is expected to substantially enhance home-buyers sentiments and add further impetus to the industry's revival, which needed a push especially post the NBFC Crisis..