Builders stopped rate reduction after RBI reduced repo rate
The builders of Mumbai and NCR have suddenly stopped bargaining on the cost of apartments in Mumbai.
There are several incidents happening now a days where builders are withdrawing any discounts proposed earlier.
The recent repo rate cut by the Reserve Bank of India has made real estate developers hopeful that sales would pick up and downward pressure on prices reduce.
Earlier the home buyers in India have deferred their purchasing decisions as they were facing rising interest rates and stubborn price levels.
The real estate builders association is hoping that the sales will see a rise after the rate cut decision by the RBI.
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More than 10% apartments in Mumbai are vacant
Source : Hindustan Times
builders of Mumbai, Cost of apartments, home buyers in India, RBI, real estate builders association, Real Estate Developers, Repo Rate, Reserve Bank of India, Rising interest rates
