India, April 9 -- The Reserve Bank of India's (RBI) decision to cut the repo rate by 25 basis points for the second consecutive time on April 9 is expected to boost demand, particularly among first-time homebuyers and those eyeing affordable housing, provided banks pass on the benefit. For developers, the rate cut could aid in the gradual clearance of unsold inventory and offer relief across segments by potentially lowering financing costs.

The RBI on April 9 slashed key interest rate by 25 basis points, for the second time in a row, to support a shuttering economy hit by reciprocal tariffs imposed by the US. Following the rate cut, the key policy rate eased to 6%. In its last policy in February, RBI had trimmed the repo rate by 25 basis...