Browsing Tag

Homebuyers

63 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.
MahaRERA

MahaRERA Recovers ₹200.23 Crore as Compensation for Homebuyers

MahaRERA has recovered Rs 200.23 crore in compensation for homebuyers, enhancing recovery efforts with the appointment of retired Tahsildars in Mumbai suburban and Pune. The authority is working to ensure developers meet compensation orders for delayed or incomplete real estate projects.
MahaRERA

MahaRERA Invites Objections to De-Registration of Macrotech and Raheja Projects Along with 17 Others

MahaRERA has issued a notice inviting objections to the de-registration of 19 real estate projects, including prominent developments by Macrotech Developers and K Raheja Corp. Stakeholders are encouraged to submit objections by 12th December 2024, ensuring transparency in the real estate sector.

Rising Construction Costs to Push Home Prices Highe

Construction costs in India have surged by up to 11% in 2024, primarily due to rising labour expenses. Homebuyers can expect higher property prices, particularly in the residential sector, as developers adjust to increased building costs.
Unsold stock of homes

Lead-to-Buy Conversion Time for Indian Housing Drops to 26 Days in H1 FY25, Reflecting Strong Demand

The latest ANAROCK data reveals a significant drop in the lead-to-buy conversion time for Indian homes, now standing at just 26 days in H1 FY25, down from 33 days in FY21. Ultra-luxury homes, priced above INR 3 Cr, are seeing the quickest decisions, while mid-range homes continue to see slightly longer conversion times due to rising property prices. The trend reflects both strong demand and growing buyer confidence in reputable developers.