Mr. Shailesh Puranik, CMD, Puranik Builders Limited, “The RBI’s decision to cut the repo rate to 6% comes at the right time and will play a significant role in reducing the EMI burden, especially for first time homebuyers. Moreover, it will equip consumers with a better purchasing power and allow them to buy a home without a steep financial burden. However, we hope the banks pass on this benefit to the homebuyers by lowering the interest rates which will give a big push to affordable housing. Overall, this decision is positive for the end users and the real estate industry.”
