Builders want reduction in repo rate in RBI's next monetary policy to boost housing sales.

SK Narvar

Builders want reduction in repo rate in RBI's next monetary policy to boost housing sales.

Date: 07 June 2024 Published in: The Economic Times

Real estate developers urged the RBI to lower the repo rate in the upcoming monetary policy to reduce home loan interest rates and stimulate housing demand, as the RBI maintained the rate at 6.50%. Industry experts anticipate potential rate cuts in the future to boost the real estate sector further amid strong market performance.

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