Sanjay Dutt, Executive Managing Director, South Asia, Cushman & Wakefield, says: “2015 seems to be off on a good start with the Repo rate cut announced by the RBI.
It is a good indicator that with inflation now under control the Union Government and the RBI are taking steps to boost economic growth. It is still a measured and steady approach as economy needs much more than a 25 basis point reduction. The impact of this move on the real estate sector will be manifested only when commercial banks lower their lending rates. Leading banks may actually lead the obvious reduction. However, demand from end-users may take a bit longer to actually transform into active buying; inquiries may increase in the short-term as buyers may begin to short-list properties in anticipation of lowering of rates.”
