Quote by Mr. Vineet Relia, Managing Director, SARE Home on RBI’s Rate Cut

Mr. Vineet Relia, Managing Director of SARE Homes:

“The RBI rate cut of 50 basis points is a favourable move that would positively impact the buyer and developer sentiment. Real estate is a rate-sensitive sector and the lowering of the repo rate is likely to open up the market for easier housing finance options. We are hopeful financial institutions would follow suit and pass on the benefits immediately to the customer. A reduction indicates a downward trend for rates reassuring buyers about reduced EMIs that is likely to make properties more affordable. This augurs well for the Indian customer considering the upcoming festive season.”