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Below the Quote on Real Estate Sector- RBI MPC's decision to Cut the Repo Rate by Mr. Sahil Agarwal, CEO, Nimbus Group

We welcome the RBI’s decision to cut the repo rate. There were strong expectations for a modest 25 bps rate cut in today’s monetary policy meeting, and the RBI has delivered on those expectations. The decision was driven by the need to support GDP growth, inflation remaining within a comfortable range for the past few quarters, and prevailing tight liquidity conditions. Additionally, global trade dynamics and financial market trends further reinforced the case for a rate reduction.

The repo rate cut will not only improve liquidity but also boost consumption and purchasing power, ultimately driving economic growth. Lower borrowing costs are set to provide a significant push to the real estate sector, as reduced home loan interest rates make homeownership more accessible. This move is expected to encourage higher demand for housing, benefiting both end-users and investors alike.

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