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Realty sector seeks interest rate cut to drive demand
Hindustan Times West UP
|February 07, 2025
Realtors' body NAREDCO has sought a 25-30 basis points reduction in repo rates in the upcoming monetary policy to boost housing demand.
NEW DELHI:
"While the realty sector is demonstrating robust growth and positive sentiment, a stable or marginally reduced repo rate will further strengthen its trajectory. A reduction of 25-30 basis points could signal a supportive stance by the RBI, not only energising the real estate market but also benefiting allied industries such as construction, cement, and steel," NAREDCO president G Hari Babu said.
This would act as a psychological and financial boost for developers and homebuyers alike, encouraging investments and making home loans more affordable, he added.
Cette histoire est tirée de l'édition February 07, 2025 de Hindustan Times West UP.
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