The interest on home loans will be much more cheaper - Ms. Manju Yagnik, Nahar Group - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Wednesday, August 07, 2019

The interest on home loans will be much more cheaper - Ms. Manju Yagnik, Nahar Group

The perspective of Ms. Manju Yagnik, Vice Chairperson, Nahar Group on the RBI rate cut by 35 basis points.

“This is the fourth consecutive rate cut by the RBI collectively slashing the rates by 1.1% (110 basis points) since February, 2019 which makes the current interest rates stand at 5.4%.The question that now arises is that will the accommodative stance & 35 point rate cut from the MPC help the Indian economy to regain its pace. 

It will indeed bring along hope for several industries and sectors including real estate, but the true speculation lies in the purchase power of the common man and if he/she is willing to invest money in the market. 

From an investment purview RBI has been the most aggressive in Asia in cutting interest rates and it is imperative that the benefits now reach the loan takers. 

If it does, the interest on home loans will be much more cheaper so this would be the apt time for homebuyers to take a loan for their dream home. 
Ms. Manju Yagnik,
Vice Chairperson,
Nahar Group

The developers will also be able to attain loans at cheaper interest rates from lenders and enable them to finish stuck projects. 

This is likely to result in the commodities becoming cheaper, ultimately benefitting the homebuyers and accelerating the cycle of cash inflow and product outflow.”
The interest on home loans will be much more cheaper - Ms. Manju Yagnik, Nahar Group Reviewed by Investment Guru on August 07, 2019 Rating: 5 The perspective of Ms. Manju Yagnik, Vice Chairperson, Nahar Group on the RBI rate cut by 35 basis points. “This is the fourth consec...

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