Mr. Dhaval Barot, Managing Director of Bharat Realty Venture Pvt Ltd

The overall decision of the Reserve Bank of India to lower the repo rate by 25 basis points to 6.25% can spell good news for the real estate industry, especially after last week’s successful budget announcement. This positive step is projected to upsurge market activity, housing demand, and real estate investment. Homebuyers will get much-needed respite with lowering EMIs, affordable real estate purchases, and lower home loan interest rates. As buyers and developers gain confidence, the real estate sector will be strengthened and encouraged. Additionally, the announcement reflects the government’s focus on economic growth by promising long-term steadiness in the housing market. This tax cut will benefit both homeowners and developers, which is a key driver of the development of the Indian real estate market.”