RBI Rate Cut: Real Estate Demand Surges, Homes More Affordable

• RBI reduced the repo rate by 25 basis points to 5.25%, the third cut this year.
• The rate cut is expected to boost housing demand, make homes more affordable, and increase buyer confidence.
• Lower borrowing costs are anticipated to attract new buyers, including end-users and first-time homebuyers.
• Real estate developers are optimistic, expecting reduced EMIs and a more active market, particularly in premium and luxury segments.
• The reduction occurs amidst moderated inflation and strong GDP growth, creating a favorable environment for housing sales.

Why It Matters: This rate cut could make buying a home more affordable for you.