RBI's 50-bps repo rate cuts have boosted Delhi's mid-segment housing demand, with a 15% rise in inquiries for homes between ₹50 lakh-₹1 crore. Lower EMIs and improved affordability are driving renewed buyer interest post-reduction.
India ranks 14th in Knight Frank's global house price index, with a 5.9% annual price rise due to strong economic fundamentals despite rising loan rates and inflation.
Indian real estate is experiencing a resurgence due to increased construction, especially in affordable housing, and record-low home loan rates. This has led to renewed optimism among consumers, particularly in Tier II and Tier III cities.
CREDAI reports growth in residential & commercial real estate sectors, driven by affordable housing & reduced home loan rates, with a 60% increase in March.
The cement industry faces challenges due to rising input costs, decreased market demand, and increased capacity, resulting in projected growth below 10%.