Browsing Tag

housing market

17 posts
RBI

RBI’s Upcoming Monetary Policy Announcement: Implications for the Housing Market

The RBI’s forthcoming monetary policy announcement could reshape the housing market landscape in India. A possible repo rate cut may lower home loan interest rates, making EMIs more manageable for buyers. With property prices rising significantly, the impact on affordability and investor sentiment will be closely monitored.
Mumbai home sales September 2024 decline

Shradh Spoils Home Sales in September 2024

Mumbai’s home sales plummeted in September 2024, recording just 9,012 registrations, the lowest since the start of the financial year. The decline is attributed to the Shradh period, traditionally viewed as inauspicious for purchasing property. This year’s registrations generated ₹872 crore in revenue, significantly lower than the ₹1,126 crore recorded in September 2023.
housing

Housing Sales Dip 11% Year-on-Year in Top 7 Cities; New Launches Fall Below 1 Lakh Units

In Q3 2024, India’s residential real estate market saw an 11% decline in housing sales across the top seven cities, totaling approximately 107,060 units. While new supply fell below 1 lakh for the first time since Q1 2023, strong demand continues to drive residential prices up by 23% year-on-year, indicating a stabilizing market following a two-year bull run.
Reduce prices to survive or suffer: Piyush Goyal to Builders

Union Minister Piyush Goyal Shares His Struggles with Mumbai Developer

Piyush Goyal recently shared his personal struggles with a Mumbai developer at an event organized by the developer fraternity. He recounted how, despite purchasing his home in 2010, it took five years to obtain the Occupation Certificate after the property was completed in 2012. Goyal’s experience highlights the challenges many homebuyers faced in the pre-RERA era and underscores the need for ongoing reforms in the real estate sector.
Court Order

Recovery Warrants Worth Rs 544 Cr Issued by MahaRERA

As of August 31, 2022, MahaRERA issued 885 recovery warrants across Maharashtra, totaling ₹544.53 crore in outstanding amounts. This article provides a detailed district-wise breakdown, highlighting the challenges in compliance within key real estate markets, including Mumbai, Pune, and Thane.