Browsing Tag

Affordable housing

123 posts
residential real estate

Residential Sales to Maintain Steady 10–12% Growth Path: CRISIL Ratings

India’s residential real estate sector is set for stable 10–12% growth over the next two years as demand rebounds, driven by lower interest rates and a rising preference for premium homes. While inventory is likely to inch up, developers’ strong collections and deleveraged balance sheets will help maintain healthy credit profiles, according to CRISIL Ratings.
Home loan

Home Loan EMIs to Fall as Banks Cut Lending Rates; Real Estate Sector Set for a Boost

In a major boost to homebuyers and the real estate sector, top Indian banks have reduced lending rates after the RBI’s recent repo rate cut. The move is expected to lower EMIs, revive housing demand, and encourage fresh property investments, especially in key urban markets like Mumbai and Pune.
MHADA

MHADA Floats Tender for Redevelopment of Jogeshwari’s PMGP Colony; Residents to Receive 450 Sq. Ft. Homes

MHADA has initiated the tender process for the long-pending redevelopment of PMGP Colony in Jogeshwari (East), Mumbai. Nearly 1,000 families living in 180 sq. ft. units will soon be rehabilitated into modern 450 sq. ft. homes. After delays with a private developer, MHADA will now execute the project through an EPC contractor over the next three and a half years.

MHADA Floats Tender for Kamathipura Redevelopment

MHADA has launched the long-awaited Kamathipura Cluster Redevelopment Project, covering 34 acres in South Mumbai. The plan includes the rehabilitation of over 8,000 tenants and 800 landowners and will transform the area with new housing, commercial spaces, and infrastructure. The initiative, approved under DCPR 2034 Regulation 33(9), aims to create an “Urban Village” with modern living amenities and secure housing for residents.
RBI

Homebuyers Rejoice: RBI’s 50 bps Rate Cut Lowers EMIs, Boosts Affordable Housing Prospects

In a significant move for homebuyers, the RBI has cut the repo rate by 50 bps to 5.5%, making home loans cheaper and boosting affordability in the affordable and mid-income housing segments. Developers and industry leaders welcome the decision, expecting renewed demand and faster project execution.