Comments (3)
Michael Thomas
India needs a stable and transparent government.
Liam Jeffrey
Banks can do more !!!
Carl Ferris
This will boost your country's real estate sector.
Repo Rate Cut - A Perfect Start to a New Financial Year
Repo Rate Cut - A Perfect Start to a New Financial Year
04/04/2019 3
As hoped for, the RBI has reduced the repo rate by another 25 basis points.
Back-to-back repo rate cuts by the RBI are indeed the perfect start to a new financial year, resulting in overall reduction of 50 basis points since February 2019.
The repo rate now stands at 6% - returning to the same level as in April 2018.
This will augur well for the Indian real estate sector and keep the momentum going in the coming year.
As it is, the sector already saw an uplift in homebuyer sentiment due to the multiple sops offered by both the Government and the RBI in just the first three months of 2019.
These measures have contributed to a 12% increase in housing sales in Q1 2019 across the top 7 cities.
The RBI has done its part by slashing the repo rates.
The onus is now on the banks to concurrently reduce home loan rates further, thereby encouraging more fence-sitters to take purchase decisions and giving another boost to the real estate sector.
Anuj Puri
Real Estate Expert
Anuj Puri, Chairman of ANAROCK Group is a highly respected industry authority and thought leader with 30 years' experience in leveraging Indian and global real estate opportunities. His company ANAROCK has a staff complement of over 1800 qualified and experienced professional, with offices in all major markets in the country, dedicated services in Dubai and a global footprint with over 80,000 preferred channel partners.
Trending
1 Financial Strategies for Boiler Insurance Coverage: All You Need to Know
Daniel Hall2 How Streamlining Your Invoice Processing Could Be Your Next Game Changer
Bhumesh Verma3 Factors to Consider Before Taking Out a Loan
Daniel Hall4 Artificial Intelligence is Enhancing the Fintech Industry
Naveen Joshi5 Simplify Your Real Estate Business with Virtual Assistants
Daniel Hall
Related articles
- Beyond Borders: Key Considerations for Foreign Buyers in the U.S. Property Market
- Financial Strategies for Boiler Insurance Coverage: All You Need to Know
- 4 Real-Life Examples of How Crime Fidelity Insurance Has Protected Businesses
- How Streamlining Your Invoice Processing Could Be Your Next Game Changer
BBN Times connects decision makers to you. Experts in their fields, worth listening to, are the ones who write our articles. We believe these are the real commentators of the future. We quickly and accurately deliver serious information around the world. BBN Times provides its readers human expertise to find trusted answers by providing a platform and a voice to anyone willing to know more about the latest trends. Stay tuned, the revolution has begun.
Leave your comments
Post comment as a guest