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Home loan rates may fall to 8%: Realty experts
Business Standard
|June 07, 2025
Housing demand should improve nationwide after the Reserve Bank of India (RBI) cut the repo rate by a larger-than-expected 50 basis points (bps) on Friday, said real estate industry executives.
The rate cut comes after housing sales in top Indian cities in the first quarter of 2025 dipped 28 per cent due to skyrocketing residential property prices and geopolitical headwinds, according to Anarock.
Experts believe that rate cuts of 100 bps in 2025 may lower the cost of borrowing and equated monthly installments (EMIs) for homebuyers, as the current average home loan rates are around 8.5 per cent, which may reduce to 8 per cent once the benefit is passed on by the banks to the borrowers.
Reduced EMIs are expected to improve buyer sentiment and encourage first-time homebuyers to enter the market, said Shekhar Patel, president of Credai, which represents real estate developers.
This story is from the June 07, 2025 edition of Business Standard.
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