Views on RBI MPC by Mr. Amit Bhagat, Co-Founder, CEO and MD, ASK Property Fund

Below the Views on RBI MPC by Mr. Amit Bhagat, Co-Founder, CEO and MD, ASK Property Fund
“RBI’s announcement of a further rate cut of 50 bps is a significant proactive step at a time when demand for residential real estate is seeing signs of slowing down across segments due to increased prices. Home ownership continues to be an aspiration and dream for every Indian household, and these rate cuts, followed by reduced home loan interest rates, will strengthen home buyer confidence.
A cumulative rate cut of 1 per cent in the last 6 months is likely to benefit the affordable segment significantly, which was most impacted due to affordability”.
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