The Reserve Bank of India (RBI) has yet again opted to make the residence purchase proposition easier for home seekers, maintaining the repo rate at 6.5% and reducing the cash reserve ratio (CRR) by 50 basis points to 4% in its policy review. Those who pair policy announcements with the next festive occasion have likened this to a Christmas gift in advance with the RBI playing Santa Claus, while simultaneously wishing the rate cut had been implemented on both.

Picture a home where you can relax, rejuvenate, and recharge, a natural escape seamlessly woven into your daily routine. Imagine waking to the melodies of birdsong each morning, as the first rays of sunlight illuminate your balcony.

The Reserve Bank of India (RBI) announced its fifth bi-monthly monetary policy for FY25 on 6 December 2024. The Monetary Policy Committee (MPC), led by Governor Shaktikanta Das, has maintained the benchmark repo rate at 6.5 per cent for the eleventh consecutive time. This neutral stance reflects the RBI's focus on balancing inflation management and economic growth amidst global uncertainties and domestic inflationary pressures.

Realtors industry bodies Credai and Naredco expect the RBI to reduce key interest rate in its next monetary policy to boost housing demand, which they said will remain strong with the stability of interest rates on home loans.

RBI MPC Meeting December 2024, RBI Monetary Policy Committee Live: The 6-member rate-setting panel of the Reserve Bank of India (RBI) has announced its decision today. The decision was announced by Governor Shaktikanta Das at 10 AM. This is the last meeting of the RBI MPC of the calendar year. This is also Das' last MPC meeting of his current term which ends on December 10. The RBI MPC has kept the repo rate unchanged for the 11th time in a row, so far. The repo rate stands at 6.5 per cent.

The Reserve Bank of India’s ongoing Monetary Policy Committee (MPC) meeting has drawn intense attention from policymakers, investors, and the real estate sector alike. Speculation about a potential repo rate cut of 25 to 50 basis points has fueled optimism, as stakeholders hope for measures that could stimulate economic growth, make homeownership more accessible, and address inflationary pressures strategically.

The average cost of construction for housing projects in big cities has increased by 39 per cent in the last four years to Rs 2,780 per sq ft, with building materials and labour becoming expensive, according to Colliers India.

Real estate consultant Colliers India data shows that the average construction cost for premium housing projects stood at Rs 2,000 per square feet in October 2020.

Chief Minister N. Chandrababu Naidu commended the philanthropic contribution made by the National Real Estate Development Council (NAREDCO) in donating Rs 1 crore to the Chief Minister’s Relief Fund (CMRF).

The National Real Estate Development Council (NAREDCO), supported by the Ministry of Housing & Urban Affairs, Government of India, announces the Abu Dhabi Real Estate Conference 2024, scheduled for November 25, 2024, at the Hilton Abu Dhabi, Yas Island. This landmark event, themed “India – UAE: Shaping Sustainable Futures: Innovation and Investment in Real Estate,” aims to strengthen bilateral relations between India and the UAE while fostering innovation, sustainability, and investment in real estate.

1 Finance, a financial services institution focused on personal finance in India, has joined hands with NAREDCO Maharashtra NextGen as the Research Partner for Excelerate 3.0. The event saw the launch of a comprehensive research report, offering an in-depth analysis of Greater Mumbai's real estate market, covering pricing trends, transaction volumes, and inventory levels.