RBI rate cut: Real estate firms expect mid-housing segments to thrive

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RBI rate cut: Real estate firms expect mid-housing segments to thrive - Business Standard

Quick Summary:

In its December 2024 monetary policy committee meeting, the central bank reduced the cash reserve ratio by 50 basis points to 4 per cent in an attempt to enhance liquidity.

Pradeep Aggarwal, founder and chairman of NCR-based Signature Global (India), said, “For real estate, a rate cut after such a long period is a significant boost.

Girish Kousgi, managing director and chief executive officer at PNB Housing Finance, said, “Lower interest rates directly enhance affordability, making home loans more accessible for aspiring homeowners and first-time buyers.