Srinagar, June 9 -- The rate cut, announced at a time of stabilizing inflation and moderate economic growth, is expected to bring home loan interest rates below the 8% mark. This could restore affordability for homebuyers and unlock demand across major urban centres. Industry experts suggest that reduced EMIs and long-term savings on borrowing costs are likely to enhance buyer confidence and accelerate decision-making.

According to data from ANAROCK, residential units priced between Rs.1.5 crore and Rs.3.5 crore accounted for nearly 25% of overall housing sales across India's top seven cities in Q1 2025-up from 18% in the same period two years ago. Homes in the Rs.2-5 crore range are reportedly witnessing the fastest traction, driven by ...