RBI Repo Rate Cut - Viva Homes Pvt Ltd

Mehul Thakur - Director, Viva Homes on the fourth Bi-Monthly Monetary Policy.

"With most economic parameters like inflation under control, RBI's step to cut the repo rate is a right move to boost the sagging economy and slow down in the real estate space. The 50 basis point cut in repo rate will provide a much needed fillip to the mortgage, real estate and infrastructure industry. We expect customers and corporates to benefit the lower interest rate regime in the coming months. The proposal to reduce the minimum risk weightage on individual housing loans for low cost house will give big push to the government goal of "Housing for All". At Viva Homes, we are committed towards building affordable homes and meet the government goal."

Viva Homes is North Mumbai's largest real estate company and has been the driving force behind the rapid development of the Vasai - Virar region. Focused on first - home owners and lower income groups, Viva Homes is the most preferred brand for 'Value For Money Homes' and has developed Vasai-Virar as the most preferred affordable homes destination.

Source : Equity Bulls

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