This was expected by June itself. Though it is late, it will help during the festive season. The lowering of interest rates will enable make eligibility level more and easier payment options. Banks have taken the cue and will fund more for buyers.
Since the last expo there has been increased enquirers from prospective customers. Many were looking for rate reduction and over the period builders have been offering attractive value addition to compensate interest rate burden. With the reduction of interest rates, home buyers will benefit the most with additional savings.
Response from Mr.Rohit Sringeri, Founder Director, Maysons Realty
This move by RBI to cut down the repo rate is quite welcome as it will give a huge fillip to the real estate industry.
