Saurabh Vohara, Business Head – NoBroker on RBIs repo rate cut

Expressing his views over the RBI’s repor rate cut, Mr. Saurabh Vohara, Business Head – NoBroker said “Revision of repo rate by 25bps for the third time in the consecutive year is an encouraging move for the real estate sector and shows a softer stand towards lending. The rate cut and moderation in the coverage ratio with recent instances of liquidity injections indicate that the RBI is ready to take more risks. The revision in the key policy rate would not only benefit the developers, but will also be in favor of homebuyers as it will lead to lowering the EMI burden, this will in turn lead to boosting affordable and mid segment housing sales. All in all we believe that the rate cut will provide a boost to the real buyer and will lead to much needed investment in the sector. This change is very positive and will be a boost to the languishing real estate market”