The GST Council's GoM proposes increasing the affordable home price barrier from ₹45 lakh to ₹55 lakh. If authorised, this might help budget homebuyers by matching GST incentives with growing property prices and increasing housing accessibility throughout India.

The Maharashtra houses and Area Development Authority has long promised affordable houses. However, a recent decision has caused major changes in low-income property pricing between 2023 and 2024.

Recent TDR regulation amendments in Mumbai could jeopardise the city's growing real estate industry. With developers being forced to get a percentage of their TDR from the Dharavi redevelopment project at higher rates, home prices may rise.

Many middle-class Indians are losing their goal of home ownership as property prices rise, making affordable homes scarce. With the average property costing ₹1.2 crore to ₹1.4 crore, homeownership is becoming increasingly difficult to achieve.

Home investing may be complicated, especially with rising prices, legal issues, and quality issues. Ghar recommends 7 essential actions for a safe, financially secure, and easy home purchase:

Election season, a heatwave, and rising property prices slowed Indian home sales in Q2 2024. This reduced unit sales by 8% from the previous quarter, according to a real estate consultancy group.

10 Steps to Ensure a Profitable Deal While Buying a Home

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.

According to the Prime Global Cities Index, Mumbai, Delhi, and Bangalore have higher housing prices. Buyers are increasingly choosing property investments to better their lives.

Bengaluru, Delhi NCR, and Kolkata have witnessed house costs rise 20% in the previous two years. These locations saw a 30% price spike from 2021 to 2023 due to strong demand for mid- and luxury homes, according to Colliers.

Magicbricks has introduced MagicHomes, a fresh way to help you find the latest housing projects across India's big cities. Whether you're looking in Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata, Pune, Ahmedabad, or Chennai, MagicHomes is here to make your search easier.

Bollywood star John Abraham bought a luxury Khar mansion in Mumbai's real estate market. It cost Rs 70.83 crore to buy the 5,416-square-foot home with 7,722 square feet of land.

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.

In 2022, increasing mortgage fees and house purchase prices in India were countered by growing earnings and the expected percolation effect of a fast expanding economy, keeping end-user demand for residential property in India unchanged until 2023.