Real estate industry to gain most from RBI rate cut

The real estate industry is set to be the clear gainer from the surprise cut in repo rate by the Reserve Bank of India (RBI).

Being a rate-sensitive sector, realty has been under stress over the last couple of years as high interest rates kept prospective home buyers away, which added to the developers’ woes as unsold housing stock kept piling up.

With the Reserve Bank  (RBI) setting the tone for more rate cuts, there is expectation of the much awaited pick-up in activity. On Thursday, real estate developer DLF and India’s largest home financier HDFC were among the top gainers at the BSE.

Read full story: Real estate industry to gain most from RBI rate cut