US EditionRBI Rate Cut to Improve Sales of Affordable, Mid-Income Housing Properties: CREDAI
- On June 6, 2025, the Reserve Bank of India lowered its key policy repo rate by half a percentage point to 5.50 percent and simultaneously decreased the cash reserve ratio by one percentage point, bringing it down to 3 percent.
- This policy move follows two earlier rate cuts this year totaling 100 basis points, aiming to boost credit growth amid recent real estate sales fatigue.
- Developers and realtors welcomed the decision, expecting it to improve home loan affordability particularly for mid-income and affordable housing segments.
- Shekhar Patel noted that lower EMIs are likely to boost consumer confidence and motivate new homebuyers to participate in the market, reflecting a positive outlook.
- The rate and CRR cuts may inject liquidity estimated at Rs 2.5 lakh crore, potentially enhancing housing sales and economic activity, especially in cities like Kolkata.
Insights by Ground AI
Does this summary seem wrong?
11 Articles
11 Articles
All
Left
2
Center
Right
4
RBI Rate Cut to Spur Kolkata Housing Demand by 5-10pc: CREDAI
Get latest articles and stories on Latest News at LatestLY. The Reserve Bank of India's decision to cut the repo rate by 50 basis points to 5.5 per cent, along with a 100 basis points reduction in the cash reserve ratio (CRR), is set to boost housing demand in Kolkata's residential property market by 5-10 per cent, particularly in the affordable segment, real estate developers said on Friday. Latest News | RBI Rate Cut to Spur Kolkata Housing De…
Coverage Details
Total News Sources11
Leaning Left2Leaning Right4Center0Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
L 33%
R 67%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
