The Reserve Bank of India raised its benchmark repo rate by 25 basis points to 5.50 percent on Wednesday, marking the first increase in nearly four years. Real estate companies in West Bengal warned the move will lift borrowing costs for homebuyers and developers.
CREDAI West Bengal president Sushil Mohta said the hike will have some adverse impact on the sector, while Primarc Projects MD Siddharth Pansari noted home loans may become marginally more expensive but genuine buyers remain undeterred, citing long‑term purchase motives driven by location, quality and lifestyle.
