“We welcome the RBI’s decision to reduce the repo rate by 50 basis points, bringing it down to 5.5%. This policy shift will support both homebuyers and developers, enabling a better environment for ongoing project execution through improved capital access. Additionally, the CRR cut and asset reforms will further enhance liquidity access, fostering robust growth in the real estate industry. The reduced home loan rates will also be beneficial for first-time home buyers, resulting in stronger demand for affordable housing.” – Attributed to Kalyan Chakrabarti, CEO, Emaar India