RBI interest rate cut buoys realtors’ hopes ahead of festive season2 min read . Updated: 05 Oct 2016, 11:47 AM IST
Several real estate developers have unveiled various offers to attract buyers during the upcoming festive season and expect the rate cut to add to the demand
New Delhi: As the Reserve Bank of India (RBI) reduced the key interest rates by 25 basis points on Tuesday, real estate developers expect that the rate cut, in combination with the upcoming festive season, would revive demand in the sector saddled with sluggish sales.
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