JLL India forecasts Mumbai's residential market to approach peak affordability by 2025, driven by projected interest rate cuts and balanced price growth. Homebuyers may benefit from improved financing terms and reduced borrowing costs, creating favorable conditions for purchases.
Bhopal's district administration proposes an 18% average increase in collector guideline rates for 1,283 locations, sparking opposition from real estate stakeholders who warn of housing affordability issues and economic repercussions. Deadline for objections extends, with CREDAI and public representatives urging a revision.
The State Legislative Assembly reduced stamp duty on first-time registrations of apartments priced between Rs 35 to 45 lakhs to 3%, aiming to boost the real estate sector.
Chennai's residential flat sales decline due to high prices, impacting middle-class buyers. New apartments range from ₹70 lakh to ₹1 crore, exceeding affordability.