As the Reserve Bank of India has announced its interest rate cut, the move is likely to considerably drive demand for the housing sector in India.

Taking a cue from the softening of inflation in the country, the Reserve Bank of India has decided to cut the benchmark interest rate by 0.25 per cent to 7.75 per cent. This is seen as a landmark move which is likely to further encourage the reality market in India.

And most importantly, this is also set to boost the sentiments in the real estate segment. On the other hand, the industry has put forward its demand to further reduce the interest rate slabs for securing housing loans in India. [Read more...]