The RBI's decision to cut key lending rates by 50 basis points is seen as a significant boost for the real estate sector, benefiting both developers and home loan customers.
Despite an expected rate hike by RBI, home buying remains robust, with developers expressing confidence in residential sales as buyers seek to invest before potential price increases.
The real estate sector expresses concern over the newly imposed service tax on housing, urging the finance minister for reconsideration and better urban housing policies.