Second Rate Cut By RBI, Realty Sector Likely To Grow

For the second time in this year, the Reserve Bank of India (RBI) has cut the repo rate by 25 basis points (bps) to 7.5 percent from 7.75 percent.The reverse repo rate accordingly, have been adjusted to 6.5 percent, while the cash-reserve ratio is kept unchanged at 4 percent by the central bank. It came as a huge surprise right after the budget was announced. However, for those who doesn’t know, the repo rate refers to that rate on which the commercial banks lend money from the central bank. And the cash reserve ratio is the total amount of net liabilities of the commercial banks, which they require to keep in cash.

Earlier in January this year, RBI has reduced the repo rate by 25 bps. This twice rate cut by RBI is most likely to bring ‘ache din’ for the real estate sector for both the developers as well as for the buyers. This step has indeed brought smiles on the face of the country’s drowning property sector with a hope of improvement in the prices and sales of the properties.

With this move RBI has clearly indicated that the institution is all set to improve the economy while curbing the inflation, which in turn will be helpful for the real estate sector. Projecting this rate cut as a right and positive move, the real estate industry is further looking for a cut in interest rates, which can help the common man to buy or invest in the property market with the reduced EMI mount that they have to pay.

Now the question arises, whether this rate cut will revive the home sales position or not? Because of the fact that the benefits of lowered interest rates are yet to pass on the to the customers, as the banks hasn’t reduced their rates. As soon as the banks will reduce the interest rates and transfer it to the customers, the real estate industry in India will get a boost in a huge way. With more spending power due to hassle free availability of loans, the realty sector along with the economy most likely will experience a rapid growth.

Yesh Developers is a leading developer of Residential Townships in Karnataka with a sustained focus on Mysore. A fast growing, dynamic and professionally managed company, Yesh caters to the specialized housing needs of its various customers groups, hence have been an integral contributor in development of properties in Mysore & residential sites in Mysore  

Mysore Is The New Real Estate Hub Now

Mysore is the new emerging hub for real estates with so many new residential & commercial properties developing Its strategic location to all the hill stations & being a tourism destination itself, people have started investing in properties in Mysore a lot more than earlier. 

With the new trend of gated communities coming in, developers in Mysore have also started building gated residential complexes with all kinds of amenities & facilities inside. It aims at providing everything needed for day-to-day needs to its residents. 

The most preferred & popular real estate agency in mysore, Yesh Developers has recently launched its new gated community projects in the prime locations of Mysore. Have a look at the top 5 upcoming residential sites in Mysore 

1) Yesh Gardens - Centrally located between three major Industrial clusters- Nanjangud, Kadakola & Thandya, this fraction of land is filled with amenities like parks, well paved walk-ways, regular water supply, green lawns and a well equipped multi activity Community Centre.

Villa options on 1200, 1500 & 2400 SqFt Plots

Villa Plots of various dimensions

2)  Yesh Valley View - Consists of beautifully landscaped plots with state of art amenities & dense green surroundings to add a pleasure of peacefulness and serenity in your life.

This residential community is thoughtfully designed, keeping in mind your need for space, wide access roads and populated residential areas in the neighborhood.

3) Yesh Mega City - 

Located in the picturesque neighborhood of Elivala is Yesh Mega City - a short 15 minutes drive from Mysore Railway station and located on State Highway 88 (Mysore - Coorg 4 lane express Highway). Yesh Mega City is a one of its kind, self contained township with all round development to take care of every requirement of the home buyer.

YESH MEGA CITY - A Self contained township spread over 80 Acres.

4) Yesh Greens Phase III - True to this, is Yesh Greens - Phase III, located in the fastest growing suburb of Mysore - Hunsur Road, more often referred to as the Sarjapur road of Mysore. Bustling at its seams with Integrated Townships, Golf courses, Housing projects, infrastructure projects, schools and colleges and SEZ's being developed in close vicinity.

5) Yesh Green County - Located in the Holy town of Bettadur, with the 800 year old Historical Tourism hotspot - Gomatagiri Jain Temple - erected atop a 50 Meter tall Hillock, in close vicinity. The birds come to nest in a few trees close to the village itself, so making oneself comfortable amongst the fields and the chickens, and using binoculars for a good look at the Pelicans nestling there.

Buy your property before it gets exhausted. For more details on the following visit Yesh Developers . The best properties & sites developers in Mysore. 

Best Upcoming Residential Properties In Bangalore

 Millennia Group has been promoted by two first generation entrepreneurs.

Providing and maintaining pioneering lifestyle is no easy task and can be achieved only by having the best in the business at our helm. Millennia Group is lead by a team of vibrant entrepreneurs with many years of experience in real estate. At the time of incorporation of Millennia Group, collectively our directors have more than 1 million Sft of residential layouts and 4 million Sft of built up spaces to their credit. The team looks forward to leapfrog these numbers in the years to come with Millennia Group.It has come up with best residential plots in Bangalore. 

The areas where millennia group are Plots in sarjapur,BDA approved plots in sarjapur,Plots near wipro corporate office sarjapur, Plots in rajankunte, BIAAPA approved plots on dodballapur road, Plots near yelahanka, Apartments on hennur road,2 & 3 BHK apartments near manyata techpark, Plots near nandi hills, Apartments in basavangudi.

Millennia Grandeur is a serene property with ground plus four floors. Each floor having three super premium luxury apartments. Situated on the Model House Street in Basavangudi, is all set to redefine living and make afew people talk about you. Actually! a few more.

Mount Galilee a masterpiece crafted for families living a luxurious lifestyle, at Hennur, the new hot spot of Bangalore real estate development.

Millennia Lakeview a BDA approved residential layout which recreates the ambiance of luxury living and offers a lifestyle of elegance and style. Located in Gatahalli - Off Sarjapur Road (4.5 km from Wipro Corporate Office).

Millennia Burgundy Orchardsis a gated residential layout consisting of luxurious villa plots and villas located in North Bangalore off Bangalore