The supply of homes in the affordable and mid-income category (priced Rs 1 crore and below) has dipped by 36% in the last two years, from 3,10,216 units in 2022 to 1,98,926 units in 2024 with NCR, Mumbai and Hyderabad as worst performers, according to real estate data analytics firm PropEquity.The housing supply in the…
READ MOREIndia’s primary housing market may register a modest single-digit price rise in 2025 after appreciating by an average 21 per cent last year as developers are expected to boost new supply to match up demand, according to industry experts. Real estate developers and property consultants are expecting that the RBI will cut the repo rate…
READ MORE(This story originally appeared in on Oct 11, 2024) Housing finance companies (HFCs) betting big on the Pradhan Mantri Aawas Yojana (PMAY) and Affordable Housing Refinance Scheme to prop up their mortgage books may not see a boom in demand this festive season as the schemes are yet to be rolled out. These specialised mortgage…
READ MOREHousing sales rose 5 per cent annually during July-September to 87,108 units in eight major cities as demand stayed strong for premium homes, according to Knight Frank India. Real estate consultant Knight Frank India on Thursday released its report ‘India Real Estate’ for the third quarter of 2024 calendar year through a webinar, showing a…
READ MOREIndia’s ambitious goal of becoming a developed nation by 2047 integrates a vision of economic growth, sustainable development goals, ease of living, ease of doing business, infrastructure, and social welfare. Indiaβs real estate sector plays a significant role in India’s economy and contributes to the country’s Gross Domestic Product (GDP) through various channels contributing approximately…
READ MOREThe overall theme of the Interim Union Budget 2025 was being prudent and focusing on long term growth. The fiscal deficit for F2025 had been estimated at 5.1% as against 5.8% in F2024. There were no populist measures either, in fact the overall subsidy has been reduced by ~8%. The overall Capex spent by the…
READ MORE“In sync with market requirements, market realities, the buyers are okay to pay that kind of price rise and in such times that price rise does not go haywire, stay closer to double digits, etc, we are in safe zone,” says Gulam Zia, Knight Frank India. Is that a trend that you are observing as…
READ MOREReal estate developers in India are leveraging the strong housing demand to clear their existing stocks, reducing the overhang of unsold properties that had been a concern in previous years.A healthier balance between demand and supply has also stabilised the market.Residential property markets in the top seven cities – Mumbai, Delhi-NCR, Pune, Bengaluru, Chennai, Hyderabad…
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