Cut in repo rate: An encouraging move by the RBI for Real Estate Sector
Rakesh Reddy, for The Hans India, Realty Plus, and 99 Acres
Over the past few years, many policies have been reformed and implemented. Almost all of them have worked in favor of the Real Estate Market of India, right from demonetization to the implementation of GST, RERA, and Affordable Housing, not to forget the recent reduction in GST for under-construction properties.
In a recent anticipated turn of events, the RBI, for the second time this year, has cut the repo rate by 25 basis points. It is believed to be an encouraging move for the Real Estate Sector and will boost consumer demands.
Our Director Mr. Rakesh Reddy’s take on this has been quoted on multiple platforms. To read and know more about it, check the links as follows:
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