Rohit Gera, Managing Director of Gera Developments Pvt. Ltd, speaks on the repo rate changes, “The reduction in the Repo Rate after two consecutive hikes earlier in the financial year has taken it to June 2018 levels. It is definitely positive for home buyers. This reduction sends a strong signal to the market. This after the debottlenecking of issues by the Government for the real estate sector.
The sector which is currently reeling under the impact of financial throttling is in need of respite in the form of positive policy changes. We hope this trend continues into the decision on the GST on real estate so as to help the sector further.
This will boost additional liquidity in the market which is much needed for the sector. Repo rate cut alongwith all the other benefits announced in the budget will also encourage the 2nd home buyers who may have been sitting on the fence till now to make the purchase decision.”
