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RBI cuts repo rate by 25 basis points
Q: Could RBI's rate cut revive the home sales?

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rbi cuts repo rates
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Latest Answer: @Abhi, Manoj Gaur, MD, Gaursons India Ltd told that with this move, stakeholders are now expecting the sales to improve as more potential customers will think of buying homes as the interest rates will be reduced. With weakening rupee and core sector index shrinking to 0.4% in the month of April, this move by RBI shows aggressive decision making which will be very crucial for the upcoming months.
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SBI Home loan
Q: I read somewhere that SBI has increased their home loan. If it is so then how much they have increased?

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Latest Answer: Along with Bangalore, the bank has a strong presence in Tier-II cities also. Mysore and Mangalore are among the few which has witnessed some traction and a similar activity is expected to gain momentum in Belgaum. Hubli and Gulbarga are some of the cities where the bank has not left its mark and has not shown much traction. More than 90% of the home loan portfolios is pitched in by Bangalore. even though few investors are actually dwelling outside the city.
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Impact on real estate due to the hiked Repo rates
Q: How the increased repo rates are going to affect the real estate market? Although the finance expert were telling that the Repo rates will remain stagnant but however the Repo rates have been increased by 0.25 percent.

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Latest Answer: I was about to apply for a home loan as I am planning to buy an apartment in Bangalore. I think now banks have increased their interest rates.
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