JLL’s latest report suggests that a 50 basis point cut in RBI interest rates would benefit affordable housing, offering relief to homebuyers. With the RBI’s Monetary Policy Committee meeting in December, analysts expect a potential rate reduction, which could significantly boost India’s residential real estate market.
The report forecasts growth in housing markets across most cities by 2025, except Delhi and Bengaluru. Kolkata is expected to remain the most affordable, while Mumbai and Pune will also perform well. Residential sales are projected to reach 305,000 to 310,000 units in 2024, with further growth to 350,000 units in 2025.
A 50 basis point rate cut would lower borrowing costs, benefiting homebuyers and developers. Since 2011, Hyderabad has seen a 132% price increase, leading other cities like Bengaluru (116%) and Delhi (98%). Mumbai saw the highest income growth at 189%, followed by Pune (173%) and Hyderabad (163%).
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