Homesfy CEO Ashish Kukreja on RBI’s Rate Cut: A Boost for Aspiring Homeowners

Reacting to the Reserve Bank of India’s decision to cut the repo rate to 5.50%, Ashish Kukreja, CEO and Founder of Homesfy.in and mymagnet.io, highlighted the impact on homebuyers and the housing sector: 

“The RBI’s decision to cut the policy repo rate by 50 basis points (bps) to 5.50% is driven by easing inflation and a gradual recovery in economic activity. This marks the third consecutive repo rate cut since February 2025, with the rate falling by a total of 100 bps in the first half of the year.

With GDP growth for the financial year 2026 projected at 6.5% and inflation expected to remain around 4%, the move reflects cautious optimism amid global uncertainties.

On the external front, robust services exports and strong remittance inflows have helped offset the merchandise trade deficit, keeping the current account deficit sustainable.

This proactive step aims to enhance liquidity, support investments, and make borrowing, especially for homebuyers, more affordable, though the benefit depends on timely transmission by banks.”

About Homesfy

Homesfy is one of the fastest-growing companies in the organised real estate industry. With 400+ motivated team members across Mumbai, Pune, Delhi NCR, Hyderabad, Bengaluru, and Dubai, the firm partners with reputed builders like Lodha, Godrej, Prestige, Dosti, Runwal, Hiranandani, Piramal, Raymond, and Mahindra to facilitate real estate sales.

If you’re working on any stories related to the repo rate cut and its implications on the real estate market, Mr. Kukreja would be happy to share further insights. Let me know if you’d like to connect.  

Disclaimer:- This story has not been edited by SugerMint staff and provided by the agency. SugerMint will not be responsible in any way for the content of this story.

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