Thane Real Estate To Grow After Rate Cut

• RBI's 25 bps rate cut to 5.25% boosts Thane real estate market growth.
• CREDAI MCHI Thane sees enhanced homebuyer affordability due to rate cut.
• Lower borrowing costs to improve liquidity for developers, aiding Thane's market.

Thane/ Mumbai: The RBI’s 25 basis-point repo rate cut will prove to be a significant booster for Thane’s real estate, positively impacting residential and commercial real estate, said Sachin Mirani, President,

CREDAI MCHI Thane.

“As inflation comes under control, economic growth will move upward with obvious impact on Thane’s real estate,” he added.

Faiyaz Virani, Hon. Secretary, CREDAI MCHI Thane said he expected the reduced interest rate regime to work at two levels. “First, it will enhance homebuyer affordability, and secondly, will ease borrowing costs for real estate developers - in effect, improve overall market liquidity.”

RBI Cuts Repo Rate By 25 Basis Points To 5.25% From 5.5% To Spur Growth

“The RBI’s calibrated 25 bps rate cut is a welcome move, one which will accelerate home buying in Thane’s residential segment, especially Thane’s premium, and luxury homes,” said Sachin Mirani.

This will strengthen Thane’s commercial property off take and support new investments in Thane’s real estate growth story,” he concluded.

(Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)