Browsing Tag

Home Affordability

2 posts
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.
Real Estate

India’s Residential Market Set for Improved Affordability in 2025, Driven by Interest Rate Cuts

JLL’s Home Purchase Affordability Index forecasts improved affordability across India’s key residential markets by 2025, driven by a projected interest rate cut. Mumbai and Pune are nearing optimal affordability, while Kolkata will maintain its position as the most affordable market. Residential sales are set to hit record levels in 2024 and 2025, driven by rising household incomes and a potential decline in interest rates.