💨 Abstract
The Reserve Bank of India reduced the repo rate by 25 basis points to 6%, aiming to boost economic momentum amid global uncertainties. Industry leaders believe this will improve housing affordability, stimulate investor confidence, and accelerate development, particularly in commercial and affordable housing segments. The rate cut is expected to provide a timely cushion for developers and homebuyers, leading to a boost in residential demand, fresh investments, and faster execution of ongoing projects.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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