Repo Rate Hike By RBI To Make Home Loans Costlier: Experts
“RBI had been maintaining an accommodative stance so far but now it has raised the policy rate by 40 bps to 4.40 per cent. As a result, the SDF rate was increased to 4.15 per cent and MSF rate to 4.65 per cent,” said Aditya Kushwaha, CEO and Director, Axis Ecorp.
“The geopolitical situation caused by Russia’s invasion of Ukraine is weighing on the economy and steps are being taken to mitigate the impact. The current rate increase will have a direct impact on the EMIs but we are still bullish about the real estate sector,” he said.
“We believe that this may also incentivise the fence-sitter to make the most of the current schemes and take the plunge,” Kushwaha added.