The Pune Municipal Corporation has announced a 50% reduction in premium charges for small housing units under 50 square meters.
Housing demand in tier-II and tier-III cities plummeted by 35% in the first half of the fiscal year, primarily due to increased borrowing costs, as per Assocham's assessment.
Indian real estate companies resist government pressure to lower prices, citing high taxes and low demand. Developers believe reducing interest rates is key to reviving the market.
NCR Sees 20% Drop in New Housing Projects Launches as Mid-Income Units Gain Traction
Residential real estate slump spreads to tier-2, tier-3 cities, with 25% drop in housing demand due to higher borrowing costs.
Bangalore real estate developers seek professional training for agents to boost buyer confidence and adapt to market changes.
Indian real estate faces uncertainty amidst global slowdown and high property prices, impacting developers and investors, though robust demand persists.
Sales to NRIs in India show resilience despite domestic slowdown and have tripled over half a year.
India's property market shifts focus to affordable housing as demand for luxury apartments cools. Developers now target young professionals with smaller, more budget-friendly homes.
Rising steel and cement prices impact India's real estate sector, hitting middle and lower-class housing demand.
One-BHK apartments in Ranchi have failed to attract buyers, prompting developers to shift focus towards larger two-BHK and three-BHK units due to lower property rates compared to other major cities.