Annuj Goel, Chairman, Goel Ganga Developments

While the RBI's 50 bps cut has been audacious and visually bold in terms of allowing savings for its lenders, the repo rate N/O is at 5.5%, so home loan borrowers can clearly save from the increase. This is how the product works, if you had a ₹50 lakh loan for 20 years, you could save somewhere in the neighbourhood of ₹1,960 off the monthly EMI or just under ₹4.7 lakh over the life of the loan. The corresponding change for its aggression is showing inflation under 4% for three months. So most will expect the interest rate cuts to draw n demand for homes and growth for the broader economy. The market transmission of the cut could be months and we all know because some lenders and lenders are quicker on the reaction, say based on the public sector Banks n employ Canara Bank and UCO Bank cut their's first in at 7.75$, so you would get a view with some private banks who have not cut their rates and the benefit is also not present clean in the banks rates. So to either you or the clients you put with, there will be automatic changes to the EMIs if you hold ;your loan is a floating rate - recognition; so at least over the next three months you receive, say some timeliness toward being granted financial relief in terms of your overall cost of living load.