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India’s Real Estate Sector Poised for Major Growth, Set to Contribute $4.8 Trillion by 2047

India’s real estate sector is on the brink of a monumental transformation, with projections indicating that it will become a $4.8 trillion market by 2047. According to a joint report by EY and the Confederation of Real Estate Developers’ Associations of India (CREDAI), the real estate sector’s contribution to the country’s GDP is expected to […]

CREDAI Calls for Bold Tax Reforms to Ignite Housing Demand

Realtors Push for Affordable Housing Redefinition and GST Reduction CREDAI, the Confederation of Real Estate Developers’ Associations of India, has urged the government to introduce transformative tax reforms to boost demand for affordable and mid-income housing. At a press conference held during the organization’s 25th foundation day celebration, CREDAI proposed measures including a 100% deduction […]

Mumbai’s Rental Crisis: The Cost of Living Driving Professionals Away

Soaring Rental Prices Outpace Salaries in India’s Financial Capital Mumbai has earned the notorious title of one of the most expensive cities in India for accommodation, with average annual rental costs for a 1 BHK apartment hitting ₹5.18 lakh. This figure starkly exceeds the average annual salary of junior-level employees, which stands at approximately ₹4.49 […]