Set To Increase Housing Demand

Hyderabad: The decision to cut the repo rate by 25 basis points to 6.25 per cent is a timely move for boosting the Indian economy, especially for the homebuyers and the residential real estate sector, Credai Hyderabad said while extending gratitude to the RBI Governor Sanjay Malhotra and the Monetary Policy Committee.

“The decision comes at a crucial juncture when the economy is seeking renewed momentum. By lowering interest rates, the RBI is not only aiding consumption but also providing much-needed relief to borrowers, particularly first-time homebuyers. This rate cut, coupled with the recent tax relief measures announced in the Union Budget, creates a favourable environment for increased housing demand and encourages developers to launch new projects,” president of Credai Hyderabad, V Rajashekar Reddy said.

Reddy further said that Credai Hyderabad will work together with all the stakeholders to ensure that the benefits of these initiatives translate into opportunities.

Optimistic about these measures translating to a flourishing housing market, General Secretary of Credai Hyderabad, B Jagannath Rao said, “As the housing sector plays a vital role in driving economic growth, this initiative is expected to stimulate demand and enhance affordability for homebuyers.