Home loan borrowers and realtors will gain from RBI rate cut
The real estate industry is very much sensitive to the home loan interest rate. With the RBI decision to cut key lending rates by 50 basis points, builders and home loan customers will be benefited.
The reduced cost of borrowing is expected to be passed on partially by banks to borrowers in the form of lower interest rate on loans.
Home loan buyers are currently paying a higher rate of interest in the range of 11.50-13 percent on floating basis.
According to DLF this decision will significantly improve the cash flows of developers.
Unitech says that this will have a positive impact to the growth of the real estate and it will enhance the business confidence.
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Source : First Post
cash flows of developers, cost of borrowing, DLF, home loan, Home loan buyers, Home loan customers, Home Loan Interest rate, interest rate on loans, RBI, Real Estate Industry, Realty News, Reserve Bank of India, Unitech
