Vikas Wadhawan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

"Growth in housing sales both in volume and value terms augurs well for the overall economy as more than 200 ancillary industries, including cement and steel, are dependent on the real estate sector,” said Vikas Wadhawan, Group CFO, REA India. PropTiger.com data showed that housing sales grew by 41 per cent to 1,20,640 units in the first quarter of this calendar year from 85,840 units in the corresponding period of the previous year.

Interim budget: India's budget plays a big role in strengthening the property market and supporting the Bharat Moment. The budget should focus on affordable housing and streamline clearance processes to promote growth in the residential real estate sector. It is crucial to grant industry status to the real estate sector and facilitate easier credit access. Increasing the tax rebate on home loan interest rates from Rs 2 lakh to Rs 5 lakh and providing incentives for developers and homebuyers will stimulate the affordable housing market. These measures will contribute to achieving 'housing for a...

India’s top eight residential markets continued their bull run in 2023 with sales rising 33 per cent to nearly 4.11 lakh units while new supply growing 20 per cent to record 5.17 lakh units, according to PropTiger. Housing brokerage firm PropTiger, which is part of REA India that owns

Stable interest rates are poised to boost home purchases and instill confidence in developers, enabling them to present more attractive offerings in the New Year, extending beyond the festive season. This stability sets a positive tone for the real estate sector as we step into a new phase of growth in 2024.

The RBI's decision to pause rate hikes played a crucial role in boosting buyer confidence, he said. According to sales data for 2023 compared to the previous year, housing sales in Mumbai rose 29 per cent to 1,41,480 units from 1,09,677 units. New supply grew 8 per cent to 1,78,684 units from 1,65,634 units., Real Estate News, Times Now