R.K. Panpalia, MD, Wave Infratech We at Wave, applaud the move taken by RBI to reduce the repo rate by 25 bps which is a good move for the customers. This decision by the apex bank would bring in more liquidity in the market which in turn would mean a boost to the real estate sector as well. Moreover, the reduction in repo rate would trigger a fall in home loan rates and hence reduced EMIs and therefore a renewed interest by end users to invest in housing projects.