HOPE FOR REVIVAL IN THE REAL ESTATE SECTOR
Recently, Raghuram Rajan discussed about a need to reduce real estate prices. There can be a significant change in the scenario where there is lack of interest among market participants, due to bleak growth and poor demand in the real estate sector. Not to forget the RBI has cut the repo rate by 150 basis points since Jan last year, and banks have passed more than half of it to the consumers, and more coming soon. Due to this, there can be some renewed interest in the real estate sector.
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