We were anticipating 25 bps repo rate cut

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Deepak Kapoor President, Credai Western UP & Director, Gulshan Homz

“Looking at the current market scenario, we were anticipating a repo rate cut by at least 25 bps the banks were already holding high liquidity and the benefit could have been passed onto the buyers. Lowered interest rates just ahead of the financial year closing could have allowed the buyers to plan their future investments and realty sector would have benefitted the most. RBI has played a wait-and-watch approach and might be waiting for the remonetisation drive to conclude properly and should cut the rates in April”

Deepak Kapoor  Gulshan Homz