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

What happened: The Reserve Bank of India raised its benchmark interest rate by 25 basis points to 5.50 per cent, its first increase in nearly four years. Key numbers: 25 basis points; repo rate 5.50 per cent; first hike in nearly four years. Why it matters: Realtors said housing and construction loan rates will rise, but demand for quality homes is expected to stay resilient. Knight Frank expects no material disruption to the sector's broader trajectory.

Repo rate hike may raise borrowing costs, but real estate demand likely resilient.

Repo rate hike may raise borrowing costs, but real estate demand likely resilient. — impact context not separately stored; see What changed.