RBI rate cut – an excellent move but needs more, says Rajesh Prajapati


Mr.-Rajesh-Prajapati---MD,-Prajapati-Constructions-LimitedNewZNew (Mumbai) : The real estate industry welcomes the announcement of Dr. Raghuram Rajan, RBI Governor on a cut of 25 basis points in its repo rate as an excellent move said, Mr. Rajesh Prajapati, MD, Prajapati Constructions.

“Though a welcoming move, RBI could have done much more. However, the rate cut will not only help in lowering the home loan interest rates making home buying a reality but will also accelerate growth of the real estate industry.”

He further emphasized that RBI must look at real estate with new optimism. “Also Banks must pass on the benefit to customers by cutting the interest rates as this will motivate the home buyers to buy their dream home”, added Mr. Prajapati.

Prajapati Constructions Ltd the flagship company of Prajapati Group is a reputed IS 9001 – 2008 certified company incorporated in 1995.  Prajapati Group specializing in premium affordable housing projects has presence across Navi Mumbai and Hyderabad.

The Group has completed over 20 projects in Navi Mumbai and Hyderabad, encompassing over 1 million sq.ft of space and 1500 units of residential and commercial space delivered.

Today brand “PRAJAPATI” stands for quality, aesthetics and tasteful designs, adhering to timely deliveries giving value for money to customers. By adopting fair & transparent business practices and self imposed ethical code of conduct, Prajapati Group has succeeded in creating a brand which is associated with Trust. Hence our motto — TRUST US WE DELIVER. While Prajapati Constructions’ main focus is on residential and commercial projects, it is also spread across diverse verticals ranging from constructions and allied businesses to Information Technology.

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Prajapati Group – is a member of various associations of repute including MCHI – CREDAI, CREDAI – HYDERABAD, NAREDCO and BANM.