RBI Repo Rate Cut remains steady to boost buying ahead of the festive Season On 01st October RBI gift property buyers a strong intent to invest Indian real estate. The Monetary Policy Committee (MPC) of Reserve Bank of India kept repo rate unchanged from 5.5%. Market leaders assume the step as a way to balance inflation and homebuying sentiment in the festive season. Earlier in the year, a 100 basic point cut and now the decision to remain stagnant at the previous rate unfurls wave of happiness amongst developers. According to real estate expert, the decision of not changing RBI repo rate cut will bring sustainable momentum in Indian real estate sector. The unchanged rates will foster affordability as it aligns well with the GST reform 2.0 in the country. The stable homeloan EMIs and unchanged repo rate by RBI will allow investors on the fence to unlock dream immovable asset. “Along with the recent GST cuts and range-bound inflation, the announcement is likely to...