upstox.com-RBI's decision to cut repo rate by 25 bps to boost housing demand: Realtors
Real estate developers hailed the RBI's decision to cut the benchmark lending rate by 25 basis points, saying this will benefit existing home loan borrowers and also encourage the fence sitters to invest in residential properties.
NAREDCO national president G. Hari Babu said the rate cut will have a positive impact on the real estate sector, making home loans more affordable and increasing demand for housing.
