Browsing Tag

Affordable housing

51 posts
RBI

RBI’s Neutral Stance on Repo Rate: What It Means for India’s Real Estate Sector

The RBI’s decision to keep the repo rate unchanged at 6.5% for the eleventh consecutive meeting has led to a mix of optimism and concern in India’s real estate sector. While stability in borrowing costs provides confidence to developers and homebuyers, many were hoping for a rate cut to boost affordability and housing demand, particularly in the affordable housing segment. Experts emphasize the importance of government support and liquidity measures to sustain growth in the sector.
RBI

RBI MPC Meeting Begins Repo Rate Likely to Remain Unchanged, with Real Estate Sector Watching Closely

The Reserve Bank of India’s MPC meeting begins today, with expectations that the repo rate will stay at 6.5%. The real estate sector is particularly focused on the decision, hoping for a rate cut that could lower home loan EMIs and boost demand, especially in the affordable housing market. Industry experts believe the RBI’s stability in monetary policy will continue to foster growth, contributing to India’s overall economic resilience.
MHADA

MHADA To Hold Street Plays, Stall at Railway Station To Get buyers for Homes

The Konkan Housing and Area Development Board of MHADA has launched a campaign to promote the sale of flats under its First-Come, First-Serve scheme for EWS, LIG, and MIG categories. The campaign includes 29 stalls set up across key locations to assist with registration and provide project details from December 2 to 11, 2024.
CIDCO

CIDCO’s Scheme Receives 92,000 Applications for 26,000 Homes

CIDCO’s “Select My CIDCO Home” Mass Housing Scheme has generated tremendous interest, with 92,000 applications received for 26,000 affordable homes across Navi Mumbai. The registration deadline has been extended to December 11, 2024, providing more time for eligible applicants to secure their chance to own a home in one of the city’s most well-developed locations.
real estate

Indian Real Estate Sector Poised to Cross $4.8 Trillion by 2047, PropTech to Reach $600 Billion, Says CREDAI-EY Report

India’s real estate sector is projected to exceed $4.8 trillion by 2047, contributing 18% to the country’s GDP. PropTech, driven by innovations like AI and IoT, is set to grow significantly, reaching a $600 billion market size. Strategic reforms and policy changes are key to unlocking the sector’s full potential.