APN News

  • Wednesday, August, 2020| Today's Market | Current Time: 01:34:50
  • Attributed to: Mr. T Chitty Babu, Chairman and CEO, Akshaya Pvt Ltd

    We welcome the RBI’s decision to cut repo rate by 25 basis points to 6.25%. It is indeed a positive step to revive the demand in the real estate sector. It will allow the banks to pass the rate cut benefits on home and other loans to the customers. Coupled with the announcements made in the recent Interim Budget, this will help boost the real estate sector across the country and improve the home buyer sentiments. The step will increase lending as the EMIs will become cheaper and the real estate developers can witness a steady growth in the sales of homes across different segments in the coming quarter.

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