SARE Homes Reactions on RBI's Repo Rate Cut

Mr. David Walker, Managing Director of SARE Homes:

“The RBI cutting rates is confirmation that inflation and future expectations of inflation are well within RBI’s comfort zone of 6%. The 25 bps cut in the repo rate is an inflection point and further cuts are expected in the future months. This measure will definitely cheer up the markets and financial institutions will pass on this reduction to customers. This in turn will give buyers confidence that with lower EMIs property purchase are more affordable, and now is the right time to buy a home. This sentiment will help boost demand and stimulate growth.”