RBI’s Upcoming Monetary Policy Announcement: Implications for the Housing Market
The RBI’s forthcoming monetary policy announcement could reshape the housing market landscape in India. A possible repo rate cut may lower home loan interest rates, making EMIs more manageable for buyers. With property prices rising significantly, the impact on affordability and investor sentiment will be closely monitored.
Need for Housing Stock Through PPP: BMC Commissioner
At the HOMETHON Property Expo 2024, Dr. Bhushan Gagrani, Commissioner of BMC, stressed the urgent need for public-private partnerships to enhance housing stock in Mumbai as old buildings await redevelopment. Industry experts advocated for reduced premiums and greater knowledge dissemination to navigate the complexities of urban redevelopment effectively.
Mumbai Police Cyber Helpline 1930 Saves ₹1,01,58,727 in 24 Hours, Total Recovery Reaches ₹114 Crore in 2024
On October 5, 2024, the Mumbai Police Cyber Helpline 1930 successfully prevented a loss of ₹1,01,58,727 from fraudsters, highlighting its critical role in safeguarding citizens from cybercrime. With total recoveries reaching ₹114 crores this year, the helpline continues to demonstrate the importance of community awareness and quick intervention in the fight against cyber fraud.
Retail Expansion in Tier II and III Indian Cities Set to Exceed 25 Million Sq. Ft. by 2029
A recent JLL report reveals that Tier II and III cities in India are on track for a retail expansion exceeding 25 million square feet by 2029. With North India leading the charge, this growth is fueled by increasing consumer demand, strategic land acquisitions by developers, and rising retailer confidence. Notable brands are entering these markets, marking a significant shift in the retail landscape.
