
from Ramani Sastri, Chairman and MD, Sterling Developers.
We believe the RBI’s decision to cut the repo rate will significantly boost investor confidence, encourage housing demand with improved affordability, and support the overall development of the real estate sector—especially by enabling more first-time homebuyers to enter the market. This move will also strengthen market confidence, infuse much-needed liquidity, and trigger greater investment activity in the sector. As India’s economy continues to grow, homebuyers are showing strong intent to invest in residential real estate for long-term returns. We remain hopeful for further reductions in interest rates, which would provide an added impetus not just to the real estate sector, but also to broader industrial activity and economic growth. With sustained demand and softening home loan interest rates, the sector’s growth momentum is set to accelerate well into 2025, firmly establishing Indian real estate as a key driver of the nation’s economic development”