Mumbai's redevelopment policy undergoes changes, offering more profits to developers and residents. Larger clusters mean bigger flats and easier negotiations.
The Reserve Bank of India cut the repo rate by 0.25%, a move welcomed by realtors but deemed insufficient by some developers who believe a larger cut is needed to significantly impact the real estate sector.
BMC increases Mumbai's daily water supply from 90 to 135 liters per person starting October 1st, offering relief to residents and potentially boosting the housing industry.
India to unveil new affordable housing policy within two months, aiming to boost the weakening real estate sector with incentivized development and streamlined approvals.
Mumbai builders cancel their planned strike after negotiations with the Chief Minister regarding delayed project approvals and the establishment of a housing regulator.
India's real estate market is booming, attracting domestic and international investors, particularly NRIs. Growth in affordable and luxury housing is expected, driven by demand from low-income groups, MNC expats, and NRIs.
MCHI is hosting the 13th India Realty Expo in Dubai from June 3rd-5th, 2010, to showcase Indian real estate opportunities to NRIs, featuring properties in cities like Mumbai, Pune, Goa, and Bangalore.