By disclosing builders’ bank account info, MahaRERA aims to reinforce accountability and guarantee timely compensation for affected parties. The authority has recovered over ₹125 crore within the last 14 months and appointed a retired additional collector for compensation restoration. The evidence is predicated on a drop in sales in the pre-construction market over the past two years after mortgage charges began to climb. Meanwhile, owners who would normally sell their houses to downsize or move up have a stronger financial start line to work from because of report development in home equity in recent times. As of June, 62% of homeowners with mortgages had charges under 4%, and 92% had rates below 6%. The Indian housing market noticed record-breaking sales in Q4FY24, with one hundred thirty,one hundred seventy models bought throughout the highest 7 cities, marking a 14% yearly enhance.

Gaurav Jain emphasizes tech influence at real estate Summit, highlighting …