RBI's policy changes, ensuring that the intended benefits reach homebuyers and stimulate the housing market.
Mr. W. S.
Habib, President, CREDAI Tamil Nadu
Chennai, June 6, 2025: The Confederation of Real Estate
Developers' Associations of India (CREDAI) Tamil Nadu commends the Reserve Bank
of India for its proactive steps to invigorate the economy through the recent
monetary policy adjustments.
The reduction of the repo rate to 5.5%, coupled with the CRR cut to 3%,
is anticipated to lower borrowing costs and enhance credit availability. This
move is particularly significant for the real estate sector, as it is expected
to make home loans more affordable, thereby boosting demand, especially in the
affordable and mid-income housing segments.
However, the effectiveness of these measures hinges on the prompt
transmission of rate cuts by banks to end consumers. We urge all banking
institutions to swiftly adjust their lending rates to reflect the RBI's policy
changes, ensuring that the intended benefits reach homebuyers and stimulate the
housing market.
CREDAI Tamil Nadu remains committed to collaborating with financial
institutions and policymakers to foster a conducive environment for sustainable
growth in the real estate sector.
