Good news for Noida's home buyers, now the monthly installment will be less; RBI lowers the repo -rate - RBIS commodative attitude increases Noida Property Rate Saving Benefits Home buyers

Jagran correspondent, Naida. The RBI has also changed its monetary policy from “neutral” to “acomodative”, which means that there is a possibility to make further reductions in future repo tariffs. The property sector of NCR hopes to benefit a great advantage of this. Welcomed by the sector with Hot Joshi. Let us know that the Repo rate was reduced by 0.25 percent on Wednesday. Now the repo rate has dropped from 6.25 percent to six percent. This will lower interest rates for home loans and lower the monthly EMI. This will provide a great advantage for about three Lakh home buyers in the city. The repo rate dropped from 6.50 percent to 6 percent Credai Western Uttar Pradesh, Dinesh Gupta, said RBI reduced the repo rate by 25 consecutive basis points after a long time. In the beginning of 2025, the repo rate came from 6.50 percent to 6 percent. This is an ideal situation for the actual sector as buyers are waiting for a decrease in home loan rates. Now the time has come for the bank to lower the interest rate and give relief to the clients as soon as possible. It will also reduce the bank’s interest rates and with the decline in the existing EMI of home buyers, new people will be able to get loans at low rates. The repo rate can be reduced more. Provincial group director Amit Modi said the repo rate is good news, but is even more large that the RBI took a change in its policy and took the point of view of “neutral” to “supportive”. Earlier in February there was a first cut in 5 years. So far, the liquidity of more than $ 80 billion has come to the market. In addition, the concerns about inflation have reduced, and oil prices have also dropped. All of this will increase consumer expenses, speed up development and the real estate sector will be strengthened. We hope that the repo rate can be cut further at the next MPC meeting. RBI will put more money in the economy, Credai chairman Manoj Gaur said that the 0.25 percent reduction in interest rates will have a good impact on the real estate sector. The issues regarding raising global trade due to lack of inflation and US tax policy are important reasons behind this decision. Another special thing in the MPC meeting of this time is that the RBI has changed its policy from “neutral” to “Ascendant”. This means that the RBI will now invest more money in the economy. Those with floating tariff loans, but have to wait a bit, this cut will benefit more that loans have taken at the floating rate. Floating fat loans are directly linked to the repo rate. When the repo rate changes, banks also change the interest rates of floating per loan. In such a situation, banks are expected to soon get the benefit of this deduction for the customers. However, many experts believe that this relief will not be found immediately and that it may take some time. In this way, the difference on EMI will be seen. Assuming a person took a 50 Lakh home loan at an interest rate of 9 percent for a period of 20 years, then the monthly EMI turns around Rs 44.986, but now it will be 8.75 percent due to fall by 0.25 percent, EMI will be reduced to 44,189. There will be direct savings of 797 each month, annual saving of Rs 9,564, saving will be more than Rs 1.9 lakh throughout the loan period. If a home loan of Rs 80 Lakh is taken by the home buyer at an interest rate of 8.25 percent for 20 years, the monthly EMI will be 68,125 per month, but after the cutting of the repo will be the same interest rate 8 percent, which will bring the monthly EMI for 66,915 for the same time. With this, home buyer can save Rs 1.250 per month, which can save about Rs 3 Lakh over 20 years. Also read: Master Plan of New Agra Urban Center ready, preparations to resolve more than 14 Lakh people