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The Reserve Bank of India raised the repo rate by 25 basis points to 5.50%, which is expected to push up home-loan borrowing costs modestly. West Bengal developers expect long-term demand to hold, while first-time buyers may face greater affordability pressure during the festive season, prompting builders to offer flexible payment plans.
8:41 AMEconomic Times
Landmark Group has secured ₹330 crore in construction finance from the State Bank of India for Landmark One, a Grade A+ commercial development in Gurugram. The project features large floor plates and extensive parking, while private equity investment in Indian real estate has risen 23% year on year.
8:39 AMEconomic TimesSummary
The Reserve Bank of India raised the repo rate by 25 basis points to 5.50%, which is expected to push up home-loan borrowing costs modestly. West Bengal developers expect long-term demand to hold, while first-time buyers may face greater affordability pressure during the festive season, prompting builders to offer flexible payment plans.
The rate increase will affect affordability first, especially for entry-level buyers with limited income buffers.
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The hike is unlikely to derail housing demand, but it could narrow access for first-time buyers and increase developers’ reliance on financing incentives.
Summary
Landmark Group has secured ₹330 crore in construction finance from the State Bank of India for Landmark One, a Grade A+ commercial development in Gurugram. The project features large floor plates and extensive parking, while private equity investment in Indian real estate has risen 23% year on year.
The SBI financing gives Landmark Group capital to advance a large commercial project as institutional
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The deal points to improving capital availability for premium commercial projects in major urban markets.
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