Lower EMI’s – A breakthrough by RBI

Posted by on October 1, 2015

An unexpectedly higher rate cut has come as a blessing in disguise for the real estate fraternity. Poised as a rate sensitive sector, the lowering of repo rate will bring about an ease in home financing options given that the financial institutions will diligently pass on the benefits to end users and investors. A much required positive move, it will boost investment leading to a fall in EMI’s with regards to home loans and provide the necessary support to the economy.

RBI Cuts Repo Rate, EMIs Likely to Decrease

In lieu of the upcoming festive season, it will revitalize the buying sentiments and spur home buying decisions.. With the real estate segment passing through challenging times leading to a slowdown in sales velocity, the announcement comes as a perceptible improvement in positive sentiment. All in all, the decision will have an efficacious impact on both developers and buyers.

Leave a Reply

Your email address will not be published. Required fields are marked *