India, April 9 -- The Reserve Bank of India (RBI) on April 9 announced another 25 basis points cut in the repo rate, following a similar reduction in February. This move was widely anticipated, especially after the RBI Governor had hinted at further rate cuts in the previous review. With this, the central bank has now delivered a cumulative 50 bps cut so far.

But does this mean it's the right time to buy a house? The answer isn't so straightforward. While lower interest rates can make home loans more attractive, several other factors need to be weighed before making such a long-term financial commitment.

An interest rate cut of 25 bps will naturally mean that equated monthly instalments will come down. Let us see what happens in the cas...