Manish Jain, President, CREDAI Pune, said, “The 25 basis point repo rate hike comes at an important time, with the festive season traditionally witnessing strong homebuying activity. While the move may marginally increase borrowing costs and make some buyers more cautious, the housing market today is largely demand-driven, with genuine end-user requirements supporting sales. Pune continues to see healthy demand, backed by employment opportunities, infrastructure growth and improving connectivity. At this stage, it is important to strike the right balance between managing inflation and keeping housing affordable for the end user. We expect the festive season to sustain homebuying momentum, while the interest-rate trajectory will remain an important factor for affordability in the months ahead.”
