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Mr.Pawan Jasuja- Director, Finlace Consulting, On Repo-Rate Unchanged

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Mr.Pawan Jasuja- Director, Finlace Consulting, On Repo-Rate Unchanged
Mr.Pawan Jasuja- Director, Finlace Consulting, On Repo-Rate Unchanged
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The unchanged repo-rate is little disappointing from RBI as the real estate sector was expecting a rate cut after process of demonetization currency because the recent phase has affected real estate sector hardest where many things are based on cash. The sector is struggling at the current moment and a rate cut would have been a breather. Also the banks are now cash rich after the process of demonetization and could have offered home loans at lower interest rate.
 
These moves of RBI will easy to perceive that misconception from people those were talking about further price cut in real estate projects which is not possible. Banks will lower down the interest rates due to demonetization but repo rate remain same.

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