By:-  Mr. Rohan Khatau, Director, CCI Projects pvt. ltd on RBI MPC repo rate cut announcement. 

“The steady increase in demand for luxury homes indicates clearly the buyer’s preference for the premium category, as a sizeable portion of sales is concentrated in the ₹1 crore-and-above price category. The 25 bps cut in the repo rate by the MPC to 5.25% comes at a very opportune time and will add to buyer confidence-especially for the luxury and upper-mid categories. This sentiment  is also reinforced by India’s robust economic growth, which reached a six-quarter high of 8.2% in Q2. Integrated townships are attracting greater interest as homebuyers look increasingly toward self-sufficient, amenity forward communities assuring convenience, lifestyle upgradations, and long-term value. In Mumbai, this trend is growing exponentially, and with easier lending norms, this momentum in the premium and township-led housing market of the city is sure to gain further steam.”