Explaining how today’s move will benefit both homebuyers and developers, Rohit Kishore, CEO, Hero Realty, said, “For buyers, it means continued lower EMIs and easier access to home loans, which can encourage more people to buy homes. For developers, the sustained interest rates will help manage costs and finish projects on time. This policy continuity will boost confidence in the market and maintain demand for homes and office spaces. We expect the luxury housing segment to stay strong, especially in metro cities. Lower EMIs and better loan offers will make people more confident to buy.”
As a result of the RBI’s decision on the repo rate today, the resultant lower borrowing costs are expected to significantly improve home-buyer affordability and further uplift sentiment in a market already witnessing strong end-user traction.
