CREDAI MCHI’s Prashant Khandelwal on RBI Repo Rate Cut Boosting Housing Demand

Experts Speak

RBI Repo Rate Cut Strengthens Buyer Confidence: CREDAI MCHI’s Prashant Khandelwal

3 weeks ago

Industry Reaction to RBI’s Repo Rate Cut

The real estate sector has welcomed the Reserve Bank of India’s decision to cut the repo rate by 25 basis points to 5.25%, with expectations of increased affordability, buyer confidence, and market momentum.

Mr. Prashant Khandelwal, Joint Secretary of CREDAI MCHI and CEO of Agami Realty, said:

“The announcement of the repo rate cut by 25 basis points to 5.25 per cent bodes well for the real estate sector. This will make home loan EMIs more affordable, especially for the price-sensitive affordable and affordable-luxury segments.
This announcement will encourage fence-sitters to take the plunge, emboldened by the strong performance of the Indian economy. We also anticipate increased demand from NRI buyers.
From developers’ perspective, it can accelerate project completion and many developers may design new launches to meet the increase in demand.”

Market observers expect the rate cut to spur demand, improve buyer sentiment, and enable developers to strategically plan launches and project timelines, reinforcing the growth trajectory of India’s residential real estate sector.