 "real estate, buildings")
The rate cut announcement by the Reserve Bank of India will boost housing demand and improve the liquidity conditions of real estate companies, said property developers and consultants.
"The 75 basis points’ cut (in repo rate) would give a big boost to credit appetite among new home buyers. The moratorium of three months on term loans, including home loans, would provide relief and enable real estate companies to focus more on the operational requirement and recalibrate their business strategies," said Kamal Khetan, chairman at Mumbai-based Sunteck Realty.
Sanjay Dutt, managing director at Tata Realty & Infrastructure, said the new announcements would help
