The Indian residential property market reached record highs in the March quarter due to steady economic circumstances and buyer confidence. JLL India reported record residential sales despite increased borrowing rates and property costs.

The Dream of Homeownership Grows 2024 is a terrific year for Indian homebuyers due to numerous major advancements. Significant savings from a steady repo rate and an optimistic government budget encourage more individuals to purchase properties.

Since the Indian housing market is middle-class, house loan interest rates greatly impact home buying emotion. Individuals and families intending to purchase a house (one of the major choices of their life) must also consider interest rates and EMI expenses.

India's REIT and InvIT funding has increased significantly in recent years. The money generated via these channels increased tenfold in 2023, reaching ₹11,474 crore. SEBI's favourable policies and these instruments' enticing returns have driven this expansion.

HSBC rates Prestige Estates and Sobha 'buy' in Mumbai, DLF and Godrej Properties 'hold', and Oberoi Realty'reduce'. The brokerage company raised its share price predictions for several firms, indicating that interest rate swings and new projects would likely affect their profitability.

Despite rising interest rates over the last 18 months, asset quality has improved in the Indian home financing market. Rising incomes have offset greater monthly payments, ensuring stability.

The Reserve Bank of India's fifth straight repo rate hold at 6.5% is likely to boost the Indian property industry, especially Mumbai house sales.

Mumbai real estate, the centre of the Indian property sector, saw a dazzling increase in registrations during Navratri. Under BMC's oversight, property registrations rose to 4,594 units from October 15th to 23rd, 2023.

The Mumbai property market is showing unprecedented resilience and buoyancy, defying the norms of economics and continuing its upward trajectory, even amidst rising interest rates and property prices.

The real estate industry in India seems to be prospering despite increasing house prices and mortgage interest rates, according to recent statistics.

Despite a rise in interest rates and property prices, stamp duty collection in February for the country's biggest and most costly real estate market, Mumbai, reached a record high. The record collection was driven by premium and middle-income housing categories.

Recent increases in real estate prices and mortgage interest rates have alarmed many prospective homeowners. Wondering whether your home buying plans are feasible or must you delay it for another year?

Any changes in home loan interest rates definitely affects the real estate market. Let us examine closely the impact that the current increase interest rates might have on the Indian real estate market, especially the affordable and mid segments.

It is anticipated that robust and positive momentum would continue to prevail in the real estate market of India in 2022-2023, supported by the stable structural basis, the increase in demand, and the decreased interest rates on house loans.

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