Delhi: RBI has decided to increase repo rates by 25 basis points to 7.50 per cent which will eventually increase the home loan rates. Real estate developers across the country stated that increase in repo rates will affect the consumer sentiments and in turn it will influence the real estate sector of the country.Market conditions are very bad due to the economic crisis in the country, and in these times the decision of the RBI to raise repo rates by 0.25 per cent will majorly affect the overall real estate market. Confederation of real estate Developers’ Association of India (CREDAI) president C Sekhara Reddy said that RBI should reconsider the decision and should formulate a special policy for the affordable housing sector and should consider the rate cut for the residential real estate of the country.CREDAI chairman also appealed to RBI to reconsider the decision of the hike in the repo rates as it will highly influence the housing real estate across the country. Banker have already started increasing the rates due to the hike in repo rates, Navin Raheja, president of the National Real Estate Development Council (NAREDCO) said that the hike in repo rates will create more problems in the real estate sector.RBI decision to increase the repo rate is to stabilize the inflation in the system which will be positive for the long-term economic environment. RBI’s Decision will disappoint millions of consumers who are willing to take home loans and it will affect the market as the decision has been taken right before the festival season.займ на карту без отказов круглосуточновзять кредит онлайн