new delhi the rate cut is expected to infuse a fresh lease of life into the real estate sector that has been hurt by demand slowdown anshuman magazine cmd of global consultancy firm cbres south asia region said this would be an important step in boosting home buyer sentiment and will improve residential sales across the country which have been suffering from general slackness in recent times emphasizing the need for deeper rate cuts getamber anand president elect of credai and cmd of ats group said its a good small step but industry is awaiting a more aggressive cut this quarter manoj gaur md of gaursons india president credai western up said buyers had been waiting for this to happen since last year now with this move we expect the sales to improve as more potential customers will think of buying homes