Lodha, or Macrotech Developers, reported a 21% rise in net profit to Rs 670 crore for the March quarter. The company's operating revenue rose 23% to Rs 4,020 crore. Developer pre-sales and yearly performance are at an all-time high this quarter.

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.

In a decisive move to expedite the allocation of houses to approximately 3,000 buyers, a high-powered committee led by the chief secretary has directed the Ghaziabad Development Authority (GDA) to fast-track the approval of the Detailed Project Report (DPR) for Wave City.

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.

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.

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

In a move that indicates a significant shift in the luxury residential sector in Delhi, the Bengaluru-based Prestige Group is reportedly in advanced talks with TDI Infratech for a landmark project.

After a cautious first quarter, India's top six cities' office space absorption rose 2 percent to 14.6 million square feet in the second quarter of 2023, up from 14.3 msf in 2022.

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.

Will The Repo Rate Hike Impact Housing Demand and Indian Real Estate Market Adversely? Ghar.tv tries to find out

Undoubtedly, house sales were buoyant throughout the whole of 2022, and this sales momentum is anticipated to persist far into the first quarter of 2023. After that, a great deal will rely on things such as repo rate rises, property price increases, and not only buyer attitude.

Several Indian real estate sector executives have recently commented on the repo rate hike and its likely impact on the market as a whole and in individual locations.

The behaviour of the Indian real estate market varies throughout the year owing to a number of variables, including repo rates, overseas markets, stock markets, political conditions, and many others.