Apex Bank stood by its commitment, cuts rate by 25bps

"Apex bank’s move to soften the interest rates by 25 basis points is a good move, a much-needed impetus in the real estate sector. The move will ensure softening of lending rates and EMI’s will see some reduction whereby attracting more buyers to own the house. Secondly, the RBI’s decision to cut rates at regular intervals will improve the affordability quotient of Indian home buyers." Manoj Paliwal, Chief Financial Officer, Omkar Realtors