Hindustan Times-A 100 bps repo rate cut in the next one year could boost affordable housing, says NAREDCO chairman
Niranjan Hiranandani, chairman of NAREDCO, the apex body for real estate developers, has said that the RBI interest rate cut would significantly benefit affordable housing and hopes that a 100 basis point reduction in the repo rate going forward will further boost the segment.
Hiranandani made these remarks during a panel discussion hosted by NAREDCO Next Gen on February 11.
