Vijay Wadhwa says RBI repo rate cut will boost affordable housing
Vijay Wadhwa, Chairman of The Wadhwa Group, believes the Reserve Bank of India’s decision to cut the repo rate by 25 basis points will accelerate growth in the affordable and mid-income housing segments. With borrowing costs easing and home loan rates expected to fall further, Wadhwa highlights how this step could convert hesitant buyers into active homeowners. He notes that the rate reduction will not only improve affordability but also strengthen the confidence of end-users and developers alike, fueling housing demand across major Indian cities and boosting real estate momentum ahead of the festive season.