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.

Homebuyers are encouraged by rising house affordability in key Indian cities. The percentage of income needed to pay monthly home loan payments has reduced despite rising mortgage rates over the last year.

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.

The Reserve Bank of India's Monetary Policy Committee recently announced its decision to maintain the repo rate at 6.5%. This decision has garnered various reactions from the Indian real estate sector

The Reserve Bank of India's decision to keep the repo rate at 6.5% for a second time is expected to help the real estate market maintain residential sales growth, particularly in the interest rate-sensitive affordable, low- and middle-income housing segment.

The recent RBI decision to keep the Repo Rate unchanged at 6.5% (and the reverse Repo at 6%) has generated mixed feedback from industry experts. Announced more as a cautionary measure in the very first quarter of the new financial year, the move is expect