Repo Rate Cut A Timely Toost For Realty: Credai AP

Visakhapatnam: The Confederation of Real Estate Developers’ Associations of India (CREDAI), Andhra Pradesh chapter, has lauded the Reserve Bank of India’s recent decision to reduce the repo rate, terming it a prudent and well-timed intervention that is expected to ease home loan interest rates and revive momentum in the housing market. CREDAI hailed RBI’s decision to lower interest rates and hoped that it will help ease homebuyers' burden and revive housing demand, especially in affordable and mid-income segments. CREDAI also urged financial institutions to promptly transmit the rate cut benefits to end consumers to accelerate recovery in the post-pandemic landscape and support broader homeownership.