Repo rate hike may raise borrowing costs, but real estate demand likely to be resilient: Realtors

The Reserve Bank of India (RBI) has increased the repo rate by 25 basis points to 5.50 percent.

Real estate companies in West Bengal anticipate a slight rise in borrowing costs for home loans.

Developers believe that genuine homebuyers will remain undeterred in the long term, but concerns about affordability for first-time buyers may arise during the festive season.