RBI cuts repo rate by 35 basis points to 5.4%. CFO Mahindra Lifespace Developers Ltd., Rohit Gera MD -Gera Developments, Ranjit. He said though currently there is a slump in certain markets and the transition will be. fellow developers to give the consumers residences as per their needs and pocket.
Gera Developments MD Rohit Gera said it is disappointing that the RBI Governor has left the rates unchanged. "Recent demonetisation move by the Government had led to substantial liquidity in the banking system. Further, this move has led to the need for a stimulus to the economy. The stimulus could have come by way of a rate cut by the RBI," he.
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Gera Developments MD Rohit Gera said it is disappointing that the RBI Governor has left the rates unc hanged "Recent demonetisation move by the Government had led to substantial liquidity in the banking system. Further this move has led to the need for a stimulus to the economy. The stimulus could have come by way of a rate cut by the RBI," he.
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Home buyers have been waiting and anticipating the reduction in interest rates and therefore have been deferring their purchase decisions. Rohit Gera on RBI Credit policy IIFL Market Update
Property developers and consultants today expressed disappointment over the RBI decision to keep key policy rates unchanged and said the reduction in interest rates would have given a boost to.
Bloomberg TV India along with knowledge partner JLL announced the top real estate developers for both residential and commercial projects across in major cities. And gera developments find itslef Among Top 10 Pune Residential Developers.
Gera Developments welcomes RBI Governor move Rohit Gera- MD, Gera Developments added "We welcome the move by the governor of the RBI to reduce the Repo rate by 50 Basis points.
Rohit Gera, Managing Director of Gera Developments Pvt. Ltd, speaks on the repo rate changes, "The reduction in the Repo Rate after two consecutive hikes earlier in the financial year has taken it to June 2018 levels. It is definitely positive for home buyers. This reduction sends a strong signal to the market.