New Delhi, Dec. 5 -- Hailing the repo rate cut by Reserve Bank of India (RBI), real estate firms and housing finance companies on Friday said that the decision would offer relief to home-buyers and support the growth in housing sector.

Shishir Baijal - International Partner, Chairman & Managing Director, India Knight Frank said that the RBI decision reflects a greater willingness to support growth more assertively.

"The reduction in borrowing costs should offer timely relief to the real estate sector, where lower home loan rates can help sustain momentum in end-user demand and improve developers' cost structures. We hope this will be instrumental in boosting affordable and mid-income housing sales, which have been witnessing a sequentia...