RBI MPC Meeting December 2024, RBI Monetary Policy Committee Live: The 6-member rate-setting panel of the Reserve Bank of India (RBI) has announced its decision today. The decision was announced by Governor Shaktikanta Das at 10 AM. This is the last meeting of the RBI MPC of the calendar year. This is also Das' last MPC meeting of his current term which ends on December 10. The RBI MPC has kept the repo rate unchanged for the 11th time in a row, so far. The repo rate stands at 6.5 per cent.

The Reserve Bank of India’s ongoing Monetary Policy Committee (MPC) meeting has drawn intense attention from policymakers, investors, and the real estate sector alike. Speculation about a potential repo rate cut of 25 to 50 basis points has fueled optimism, as stakeholders hope for measures that could stimulate economic growth, make homeownership more accessible, and address inflationary pressures strategically.

The average cost of construction for housing projects in big cities has increased by 39 per cent in the last four years to Rs 2,780 per sq ft, with building materials and labour becoming expensive, according to Colliers India.

Real estate consultant Colliers India data shows that the average construction cost for premium housing projects stood at Rs 2,000 per square feet in October 2020.

Chief Minister N. Chandrababu Naidu commended the philanthropic contribution made by the National Real Estate Development Council (NAREDCO) in donating Rs 1 crore to the Chief Minister’s Relief Fund (CMRF).

The National Real Estate Development Council (NAREDCO), supported by the Ministry of Housing & Urban Affairs, Government of India, announces the Abu Dhabi Real Estate Conference 2024, scheduled for November 25, 2024, at the Hilton Abu Dhabi, Yas Island. This landmark event, themed “India – UAE: Shaping Sustainable Futures: Innovation and Investment in Real Estate,” aims to strengthen bilateral relations between India and the UAE while fostering innovation, sustainability, and investment in real estate.

1 Finance, a financial services institution focused on personal finance in India, has joined hands with NAREDCO Maharashtra NextGen as the Research Partner for Excelerate 3.0. The event saw the launch of a comprehensive research report, offering an in-depth analysis of Greater Mumbai's real estate market, covering pricing trends, transaction volumes, and inventory levels.

With the CAQM (Commission for Air Quality Management) banning construction under stage IV of the Graded Response Action Plan (GRAP) as the NCR's air quality deteriorated to the 'severe plus' level, developers said that this would delay   housing and commercial projects and affect the livelihood of construction workers.

Land prices in Andhra Pradesh's greenfield capital city of Amaravati, which recorded a sharp surge when Chandrababu Naidu-led Telugu Desam Party returned to power with a thumping majority in the state assembly polls in June 2024, have now stabilised and transactions have increased in the region, according to experts who spoke to HT.com.

NAREDCO Maharashtra has announced the strengthening of its 'PROPEL' initiative in collaboration with Brigade Real Estate Accelerator Program (REAP), aimed at supporting emerging entrepreneurs in India's rapidly evolving real estate sector. The partnership will provide crucial funding, mentorship, and strategic support to startups in the PropTech space, which is a growing sector in the country.

 Finance, a financial services institution focused on the personal finance space in India, has collaborated with NAREDCO Maharashtra NextGen as the Research Partner for Excelerate 3.0. The event unveiled the research report entailing a  detailed examination of Greater Mumbai’s current real estate landscape, including pricing trends, transaction volumes, and inventory levels.