Transformative Journey of Real Estate in 2024
A Resilient Performance
The Year 2023 gave a fillip to the upward mobility in India’s residential housing market. The Reserve Bank of India’s move to keep interest rates steady empowered homebuyers to invest in their dream homes, enabling a wider population to become homeowners.
Unchanged Repo Rate
The unchanged Repo rate also assisted the residential real estate market in sustaining sales momentum. This positive change is tied to the overall health of the nation’s economy.
Affordable Housing Program
The growing demand for affordable housing is helped by expanding the Affordable Housing Program, increasing the PMAY allocation, and raising the income tax deduction limit for home loan interest.
Real Estate Act (RERA) Amendments:
Increased accountability and transparency could only come with the government’s backing of the Real Estate (Regulation and Development) Act (RERA). Such changes have helped protect the industry against fraud and delays, restoring faith in the real estate business that has steadily risen in the past two years.
Pakiza Realty's emphasis on contemporary architecture, strong project execution and quality construction has helped them launch some superior community residential projects across central India.
The Year 2023 gave a fillip to the upward mobility in India’s residential housing market. The Reserve Bank of India’s move to keep interest rates steady empowered homebuyers to invest in their dream homes, enabling a wider population to become homeowners.
Unchanged Repo Rate
The unchanged Repo rate also assisted the residential real estate market in sustaining sales momentum. This positive change is tied to the overall health of the nation’s economy.
Affordable Housing Program
The growing demand for affordable housing is helped by expanding the Affordable Housing Program, increasing the PMAY allocation, and raising the income tax deduction limit for home loan interest.
Real Estate Act (RERA) Amendments:
Increased accountability and transparency could only come with the government’s backing of the Real Estate (Regulation and Development) Act (RERA). Such changes have helped protect the industry against fraud and delays, restoring faith in the real estate business that has steadily risen in the past two years.
Pakiza Realty's emphasis on contemporary architecture, strong project execution and quality construction has helped them launch some superior community residential projects across central India.