Bengaluru-based real estate developer Sanjeevini Group Chairman and Founder, Umesh Gowda H.A:
While we welcome the RBI’s decision to maintain status quo in view of the ongoing trade tensions, however, a cut in repo rate along with GST cut would have together made a huge impact on giving a spurt to demand. With slowing housing sales, it is imperative that a boost to the housing sector would go a long way in accelerating demand across all sectors.
Mr. Ankur Jalan, CEO, Golden Growth Fund (GGF), a category II Real Estate focused Alternative Investment Fund (AIF):
“In view of the ongoing trade concerns, the status quo on repo rate is a welcome move by the RBI. With interest rates slowing being transmitted, this along with cut in GST will provide impetus to the consumption demand in the economy and help shield India’s growth from the impact of ongoing trade tariffs.”
Mr. VijayHarshJha, founder and CEO of property brokerage firm VS Realtors:
“The housing sales and launches have shown considerable decline till Q3 and may even fall short of 2024 numbers. At this juncture, a cut in repo rate along with the GST cut that has been implemented, it would have propelled sales during the festive season. Banks must take the lead in passing on the previous cuts to homebuyers.”