Rakesh Reddy, Director, Aparna Constructions, For The Hans India
Reserve Bank Of India has made a decision of lowering the repo rate by 35 basis points to 5.40%. This move will help in encouraging the homebuyers and stimulate the real estate sector towards its revival. The consecutive reduction in the rate is expected to not only lower the EMIs on home loans but also reduce the debt repayment burden on the developers.
Our Director, Mr. Rakesh Reddy shared his views on the fourth consecutive Repo Rate reduction by RBI and has been quoted in The Hans India.
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