To spur investment & growth RBI cut interest rate by 0.25 per cent for third time. Real Estate companies are hopeful that a fall in interest rate will somewhat uplift the sector. The decision to cut key interest rate is likely to reduce borrowing cost for both home buyers as well as developers which leads to increase the housing demand. This step of RBI is to seek further cut in interest rates as well as policy reforms for the growth of realty sector because this sector is facing a huge demand slowdown in last few years. Due to this step of RBI there will be surely increase in market momentum in terms of commercial leasing, employment etc.& also help residential market to rise to its earlier level. And this will also boost the residential sales across the market.
According to Mr. Anil Sharma CMD Amrapali Group that fall in rate will uplift the real estate sector. He said buyers were in a wait-and-watch mode to make any investment due to unfavorable market sentiments, low purchasing capacity & prevailing high interest rates & so it would gradually propel growth of the realty sector. He had expressed his views on RBI’s new credit policy in the programme “News Point” at NDTV India.
To see the live programme go on:http://www.ndtv.com/video/player/news-point/news-point-will-there-be-price-hike/369691?hphin&video-featured
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It is such an amazing news for all of the investors. Great time to start investing in real estate.
After SBI Rate cut it's not only good time for buyers but developers also like Anil Sharma Amrapali we too are also very hopeful to have good growth in Real Estate sector. since from long time real estate sector is going through very bad phase.
It's great news & great time to invest in real estate
We too are very hopeful & happy after SBI repo rate cut.
Great news. it's really "a acche din" by Modi Sarkar
Really it's really very great news for the people like us who are waiting for this moment only. Now we can purchase our dream homes.