Prateek Mittal, Executive Director, Sushma Group
We welcome this announcement by the RBI governor to reduce the repo rate by 40 bps to from 4.4 % to 4 %. Holding such a prominent position in building the country’s economy, the realty sector will garner extensive benefits and the reduced repo rate will hugely support the buyer and boost the demand . Along with that the extended term loan moratorium period will provide the relief towards liquidity for developers to focus on faster execution of projects.
