The Reserve Bank of India cut the repo rate by 0.25%, a move welcomed by realtors but deemed insufficient by some developers who believe a larger cut is needed to significantly impact the real estate sector.
Home loan interest rates fall below 8% as DCB and GIC Housing compete, sparking a price war during the festive season.
Indian banks urge property developers to halt price increases to sustain market recovery. Developers' short-sighted price hikes could deter buyers and stall the fragile housing market rebound.
India's Govt Pushes Banks to Lower Lending Rates Amid Economic Slowdown