Leading banks including HDFC Bank, Canara Bank, and Bank of Baroda have swiftly responded by reducing their marginal cost of funds-based lending rates (MCLRs), passing on the benefits to borrowers. The rate cuts are expected to lower home loan EMIs, bringing relief to both prospective and existing borrowers under floating-rate loan schemes.

The State Bank of India (SBI), the country’s largest lender, also moved to ease borrowing costs, slashing its lending rates by 50 basis points. Effective June 15, SBI’s repo-linked lending rate (RLLR) now stands at 7.75%, while its external benchmark-based lending rate (EBLR) has dropped from 8.65% to 8.15%. However, other major public sector lenders such as Punjab National Bank (PNB) have opted to keep their lending rates unchanged for now, reflecting a more cautious approach.

The overall reduction in borrowing costs is being welcomed by industry leaders and analysts, who believe the move will rekindle buyer interest, especially in the affordable and mid-income housing segments.

Industry Welcomes Move

Prashant Sharma, President of NAREDCO Maharashtra, praised the development, saying, “The interest rate correction is a timely booster for the housing sector. Reduced EMIs will not only revive fence-sitters but also give impetus to end-user-driven demand. We expect this to translate into improved sales velocity, particularly in Tier-I cities like Mumbai and Pune.”

Echoing this sentiment, Nishant Deshmukh, Founder and Managing Partner of Sugee Group, said, “The reduction in lending rates offers much-needed and immediate relief to homebuyers, particularly those dependent on home loans to realise their dream of homeownership. Lower EMIs ease financial pressure and make property ownership more accessible. This positive shift will help restore buyer confidence and support long-term growth in the real estate sector.”

Shraddha Kedia-Agarwal, Director at Transcon Developers, added, “The revised rates will allow homebuyers — especially first-time buyers — to re-evaluate their budgets and invest in homes with better amenities and lifestyle offerings. For developers, this could catalyse fresh enquiries and faster conversions.”

Outlook for the Sector

With lending rates now trending downward and broader macroeconomic indicators showing signs of stability, the real estate sector appears poised for a more broad-based recovery. Market experts believe this shift could be the start of a sustained revival, balancing affordability with aspirational housing needs.

The RBI’s move, coupled with proactive rate revisions by banks, is expected to stimulate demand, boost market sentiment, and strengthen the foundation for long-term growth in India’s housing sector through 2025 and beyond.

Also Read: RBI RR Hike to Impact home sales

The post Home Loan EMIs to Fall as Banks Cut Lending Rates; Real Estate Sector Set for a Boost appeared first on Square Feat India.

Historically known for its affordable housing options, the Kalyan-Dombivli region is undergoing a transformation, driven by the development of integrated townships like Palava. With these recent transactions, Palava has now positioned itself as a strong contender in Mumbai’s luxury real estate space. The properties in Lodha Golfview, priced at around ₹15,200 per square foot, signal the growing demand for premium homes in areas outside of Mumbai’s traditional high-end neighborhoods.

Real estate experts suggest that these transactions reflect a broader trend of homebuyers seeking upscale living experiences in emerging markets, as opposed to Mumbai’s well-established luxury hubs. The rise of Palava, with its mix of high-end amenities, green spaces, and proximity to Mumbai and Navi Mumbai, has made it an increasingly attractive destination for affluent buyers looking for more space and a quieter environment.

With these recent high-ticket deals, the Kalyan-Dombivli region appears poised for further growth in the luxury housing sector, as developments like Palava continue to reshape the real estate landscape and challenge traditional perceptions of premium urban living in the Mumbai Metropolitan Region.

Also Read: lodha interest rate

The post Lodha Golfview in Palava Sees Two Transactions Valued at ₹8.5 Cr Each appeared first on Square Feat India.