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.

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

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?

Luxury residential property sales in Mumbai increased more than twofold year on year to Rs 20,255 crore in 2021, owing to growing customer demand for larger residences with more facilities and cheap mortgage rates.

PCHFL, a wholly-owned subsidiary of Piramal Enterprises, has teamed with the India Mortgage Guarantee Corporation (IMGC) to provide cheap house loans backed by mortgage guarantees to salaried and self-employed consumers.

Oberoi Realty Ltd on Thursday reported over two-fold jump in its sales bookings at Rs 828.52 crore for the quarter ended September on improved housing demand driven by low mortgage rates.