RBIs Repo Rate cut again, effect on hyderabad

Q: Hello. Please tell me if the home loans will be cheaper from now on, as the RBI has cut Repo rate cut again?

Nakul Rao, Hyderabad

17th March 2015

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Replies (22)

The interest rates on home loans are most likely to be cut and will be applicable from April, so i think that for all the people who want to invest in some property should wait for some time.

Asif Khan, Hyderabad

8th April 2015

Comment

The sector would now like to see that banks actually pass on the benefits of the rate cuts initiated by RBI this year to the customers to spur housing sales and speed up the overall economic recovery in the country

Lata Rao, Hyderabad

7th April 2015

Comment

Even while the magnitude of the rate cut is 25 BPs, the move will build the confidence of developers and buyers alike that there are more rate cuts in the offing, provided of course, that inflation maintains its downward trend or remains stable

Abdul, Hyderabad

5th April 2015

Comment

the likely decrease in home loan interest rates and the Union government’s push for affordable housing, buyers should be scouting for properties to invest in, particularly in the high growth areas outside major cities

Siddharth Bharadwaj, Hyderabad

4th April 2015

Comment

In a way this will make up for the lack of focus on home loans in the Union Budget 2015 and will ease the burden on potential mid-income home buyers slightly

Raghavendra Hegde, Hyderabad

3rd April 2015

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Hey no this time i am sure it wil be different, this time the outlook is especially positive with the State Bank of India promising to take the appropriate call in response to RBI’s move. This could lead to a domino effect and other banks following suit.

Manjunath Gupta, Hyderabad

2nd April 2015

Comment

Actually, the banks were expected to lower home loan interest rates in January itself with the first repo rate cut but most banks failed to pass on the benefits to the consumers, and they did not decrease the home loan rate.

Kashif Mohammed, Hyderabad

1st April 2015

Comment

Yeah. when it comes to the real estate market, the union budget of the year 2015 that was released a few days ago has not really had any schemes or decisions that will effect the real estate market in any way.

Verma, Hyderabad

31st March 2015

Comment

Developers and the real estate experts across the city feel that the move comes as a welcome change after a disappointing budge. The union budget of 2015 has not really been that profitable and good towards the real estate market.

Suraj.V, Hyderabad

30th March 2015

Comment

I think we should demand the interest subvention to affordable housing by the private sector for the middle and the lower middle classes to create momentum and achieve the mission to provide housing for everybody by 2020.

Subash, Hyderabad

30th March 2015

Comment

See the main issue here is that it is hampering the growth of the affordable housing segment is the prevailing high interest rates that make housing unaffordable to the middle and lower middle classes.

Ramesh Hegde, Hyderabad

29th March 2015

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Many people have an opinion that that not much has been done by banks towards increasing lending in the affordable housing segment and feel that the government and the RBI must immediately work for a mechanism and set targets for banks to ensure increased lending for affordable housing projects and cheaper home loans.

Ramya Janagam, Hyderabad

27th March 2015

Comment

This wil no doubt help in decreasing the amount of the home loan, but this alone is not enough I think there is a need for larger cuts in the interest rates to facilitate reduction in EMIs and increasing the eligibility of the common man to buy a house,

Pravallika, Hyderabad

26th March 2015

Comment

The interest rate and the capital amount on the loans is avery huge nowadays, and many of the mid level buyers are not really able to afford these houses. This decison of repo rate cut will ease the burden on the home buyers and create a positive traction in demand for housing

Praneeth Kumar, Hyderabad

24th March 2015

Comment

Yes, the real estate market in the city is not really doing that well.... and it has been a while since there has been any kind of development in the city, some decision like this will probably change the real estate market in the city.

Tinku Patel, Hyderabad

23rd March 2015

Comment

See, looking at the present scenario of the real estate sector, and the overall economic situation and challenges being faced by the industry, this decision is welcome by the public. This is the second reduction in repo rates from January in the hope that it results in lower rates for home loans

Dhananjay, Hyderabad

22nd March 2015

Comment

Realtors feel that this is a favourable shift in RBI’s stance in view of the controlled inflation projection and a favourable business environment, and suits well for development of the sector in the city.

Gireesh Hegde, Hyderabad

21st March 2015

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Yes, this is a great more actually. The real estate builders and developers in the city feel that the move may translate into lower rates for home loans which will ease the burden on buyers.

Ramakrishna, Hyderabad

20th March 2015

Comment

Basically, the repo rate is the is the interest rate at which RBI lends commercial banks in case of shortage of funds. so when the repo rate is reduced, here will be more funds to the banks in simple terms, and that is why the home loans will be cut lower.

Syed Ali Khan, Hyderabad

19th March 2015

Comment

The RBI ha deceided thismove a few days ago. The recent move by the Reserve Bank of India to reduce the repo rates by 25 basis points (BPs) to 7.5 per cent, the second rate cut within a span of 50 days,

Abdul Zafar, Hyderabad

18th March 2015

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Yeah, now the home loans from many of the banks and the interest rates will get cheaper, and maybe now it will prompt many of the buyers to buy or purchase the property in the city.

Bharath Konda, Hyderabad

17th March 2015

Comment