Mar 20, 2013, 02.26 PM IST
Extremely happy that RBI has taken cognizance of the needs of the industry and announced a 25 bps cut in the Repo Rate, bringing it to 7.5%This much awaited step will certainly boost liquidity in the market.
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Quote on RBI Credit Policy by Gaurav Mittal of CREDAI
Extremely happy that RBI has taken cognizance of the needs of the industry and announced a 25 bps cut in the Repo Rate, bringing it to 7.5%This much awaited step will certainly boost liquidity in the market.
Like this story, share it with millions of investors on M3
Quote on RBI Credit Policy by Gaurav Mittal of CREDAI
Extremely happy that RBI has taken cognizance of the needs of the industry and announced a 25 bps cut in the Repo Rate, bringing it to 7.5%This much awaited step will certainly boost liquidity in the market.
ABOUT THE EXPERT
Gaurav Mittal
Managing Developer,
CHD Developers
Gaurav Mittal is also a member and governing council of CREDAI
"We are extremely happy that RBI has taken cognizance of the needs of the industry and announced a 25 bps cut in the Repo Rate, bringing it to 7.5%This much awaited step will certainly boost liquidity in the market. The step is slated to be beneficial for both the buyers as well as the developers who have been struggling with cash crunch in recent times. This significant move would reduce the cost of funds to home buyers as well as developers as it will allow the banks to lower down the interest rates. This will ensure heightened property demand in the coming times. We thank RBI for this welcome step and taking into consideration the liquidity concerns of the sector"
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