Hiral Sheth, HOD, Marketing, Sheth Creators, shares views post RBI monetary policy

The first bimonthly RBI Policy announcement by newly appointed RBI Governor Shaktikanta Das, slashing the repo rates by 25 bps to 6.25 percent is a welcome move said, Hiral Sheth, HOD, Marketing, Sheth Creators.
 
“The rate cut will definitely help in bringing down the home loan interest rates and would bring some amount of relief to the homebuyers. Also, banks should pass down the benefit to the homebuyers as this will encourage the buyers to buy their dream home.
 
Interest rate is one of the important factors that one looks at while buying a home as loan equated monthly installments (EMI) depend on that. So, as EMIs fall due to drop in interest rates, the demand for housing should rise”, added Sheth.

“Faster GDP growth and declining interest rates will help real estate companies generate more sales and propel the growth of the industry", continued Sheth.

-Hiral Sheth, HOD, Marketing, Sheth Creators