Reaction on RBI Monetary Policy by Mr Piyush Bothra, Co-Founder and CFO, Square Yards
Below the Reaction on RBI Monetary Policy by Mr Piyush Bothra, Co-Founder and CFO, Square Yards
"The Reserve Bank of India's decision to cut the repo rate by 25 basis points to 6.25% is a welcome move for the real estate market. This will lower borrowing costs for home buyers, making home loans more accessible and improving buyer sentiment. Additionally, it could enhance liquidity in the banking system, easing access to financing for developers. Combined with recent tax reforms, stable inflation projections and sustained economic growth, it will act as strong tailwinds for the residential real estate sector. Needless to say “acchhe din” for real estate will continue for a long time”
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