People were struggling hard with burden of high EMIs of Home loan and also newcomers were hesitating to buy real estate property due to increased rates in ready reckoner in all cities in India specially Maharashtra state. But now the good news for real estate and finance sector is RBI Governor Raghuram Rajan cut repo rate by 0.25 per cent on Thursday. Some of leading banks in India like United Bank and Union Bank have already cut their base rates – with response to this announcement of RBI.
The good news of low home EMI doesn’t end here, the main factor of high interest rate which is inflation is expected to stay low for a long period of time and it’s the effect of
The good news doesn’t end here. With inflation expected to stay low for a long period of time because of the crash in global commodity prices, interest rates in India are likely to trend lower for a considerable period of time.