Browsing Tag

Economic Growth

26 posts
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.
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.
Foreign universities in India could save US$113 billion in forex, serve over 560,000 students and create 19 million sq ft of education real estate demand, says a Deloitte–Knight Frank report.

Maharashtra’s Property Market Eyes Major Reforms With Formation of the New Government

As the Mahayuti alliance prepares to form the new government in Maharashtra, the real estate sector is anticipating major reforms aimed at reshaping the industry. Key industry leaders are calling for streamlined project approvals, improved infrastructure connectivity, and policies supporting affordable housing and luxury developments. These reforms are expected to drive economic growth, foster sustainable urban development, and position Maharashtra as a leading investment hub on the global real estate map.
Dharavi, Asia's largest slum

Will BJP’s Continued Rule Accelerate Slum Redevelopment in Mumbai?

With the BJP-led government re-elected in Maharashtra, industry leaders are optimistic that the continuity in leadership will accelerate Mumbai’s slum redevelopment projects. The focus on modernizing infrastructure and addressing the housing shortage is expected to drive significant economic growth and improve the city’s livability.
Maharashtra Revenue Minister Chandrashekhar Bawankule has announced a major policy change to permit legal registration of 1 guntha plots—approximately 1,089 sq ft—in residential zones. The proposed bill, likely to be introduced in the current Assembly session, aims to simplify land subdivision but still requires NA conversion for agricultural land. Here’s what homebuyers need to know.

Real Estate Industry Optimistic About Maharashtra’s Future Under Mahayuti Government

Following the historic victory of the Mahayuti alliance in Maharashtra’s recent elections, the real estate industry is optimistic about the future. CREDAI-MCHI President Domnic Romell shares his hopes for continued growth in the Mumbai Metropolitan Region, focusing on affordable housing, infrastructure development, and streamlined policies that will support the state’s economic progress.