NCR developers see limited impact of 25-bps repo rate hike; expect festive housing demand to remain steady
The Reserve Bank of India raised the repo rate by 25 basis points to 5.50%, but NCR developers expect housing demand to remain steady during the festive season. Factors like steady end-user demand and improving infrastructure are expected to support this trend, despite a marginal rise in borrowing costs. Developers anticipate limited impact on affordability, particularly for buyers with stable incomes.