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Indian Realty Market against the RBI for revising the repo rates very often

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The Reserve Bank of India plays a vital role in balancing the nation’s economic system, but the RBI is turning out to be a guilty for the Indian real estate sector. It is to be recalled here that the Reserve Bank of India has revised the Repo Rate several times during the current financial year and unfortunately the Realty Sector is facing the tough time.
As per the sources available to the www.propertykhazana.com the Realty market is the one which contributes a lot for the country’s economy through the taxes and fees on each and every transaction made in the real estate. In fact, the revenue generated from the realty sector is not less to any of the other major sources to the government.
Although, the RBI with out any consideration kept on revising the repo rates which means the amount borrowed from the RBI by other Banks. In return, the banks put its entire burden on the customers availing the financial support. Of course, this move will straightly hit the Developers, Builders and home loan customers who are the existing customers of the banks. Ultimately, this will impact on the Realty Sector.
Source: NIMMA BENGALURU

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