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India Today
5 days ago
- Business
- India Today
RBI MPC begins today: Will US tariffs trigger a rate cut?
The Reserve Bank of India's Monetary Policy Committee (MPC) begins its three-day meeting today, August 4. The decision of the meeting, led by RBI Governor Sanjay Malhotra, will be announced on Wednesday, August meeting comes at a time when the global trading ecosystem is facing new challenges after the US imposed a 25% tariff on Indian MPC is meeting after cutting interest rates by 100 basis points across its last three policy meetings. The policy stance has remained 'neutral'. However, with inflation easing and growth concerns rising, there is now debate over whether the central bank will go for another rate cut or OF A RATE CUT REMAINSExperts say the MPC has reasons to consider another cut. The latest trigger is the US move to raise tariffs, which may affect exports and slow down economic brokerage Nomura said there is a 35% chance of a rate cut this week. While it expects a 25 basis points (bps) cut in October and December, it said a surprise cut in August is not ruled Capital said in a note that risks to growth have increased and inflation remains under control."The July inflation is likely to be around 2%, which is at the lower end of the RBI's tolerance band. If the US tariffs start to affect growth more sharply, the chance of a bigger rate cut—up to 50 bps—could rise. However, we do not expect inflation to rise unless there is a sudden shock to global supply chains," the firm added.A report by the State Bank of India (SBI) also predicted a 25 bps rate cut in this MPC meeting. It said a front-loaded cut now could help boost credit demand ahead of the festive season. The report also pointed out that repo rate cuts before Diwali have historically led to strong credit growth during the festive HAS BEEN FALLINGRetail inflation in India has been cooling for the past few months. In June, the Consumer Price Index (CPI) came in at 2.1%, the lowest reading since January 2019. This sharp fall has been driven by falling food prices and a favourable comparison with high prices last to Barclays, July CPI inflation could fall even further, possibly to 1.5%.If that happens, it would bring down the average for the first quarter of FY26. Barclays has already cut its full-year inflation estimate to 3.5%, below the RBI's forecast of 3.7%. It said the lower inflation numbers may give the RBI more room to support ON HOME LOAN EMIsA rate cut would be welcomed by consumers, especially those looking to borrow for homes or businesses. Pradeep Aggarwal, Founder and Chairman of Signature Global (India) Ltd, said a 25-bps cut would add to the positive mood in the housing market.'With inflation staying low, the RBI has some space to cut rates again. A lower repo rate could make loans cheaper, especially when many banks are already offering home loans below 8%. This could encourage more home buyers to act quickly,' he he also said that even if the RBI keeps rates unchanged, the current low-rate environment is already helping the housing sector. 'The market is doing well because of good buyer interest, better affordability, and easy access to loans,' he global trade under pressure and the US tariffs now in place, the RBI may have to weigh its options carefully. Experts believe the central bank may stick to its 'neutral' stance while remaining ready to act if growth slows meeting outcome on August 6 will be closely watched, especially by markets, banks, and borrowers. Whether the RBI cuts the rate or holds steady, it will likely signal its future path based on inflation trends and the evolving trade situation.- Ends advertisement
News18
7 days ago
- Business
- News18
Gurgaon Circle Rate Hike 2025: Know Haryana's Costliest Locality At Rs 90,000 Per Sq Yard
Last Updated: Gurgaon's South City 1 has become the most expensive residential locality in Haryana, following the state government's decision to revise collector rates from Friday. Gurgaon Circle Rate Hike 2025: Gurgaon's South City 1 has become the most expensive residential locality in Haryana, following the state government's decision to revise collector rates from Friday. The new rate for properties in South City 1 has been set at Rs 90,000 per square yard, or Rs 1.07 lakh per square metre, up from the previous rate of Rs 82,000. This is the second increase in collector rates in just eight months. The last revision came into effect on December 1, 2024. With the latest update, the hike in circle rates ranges between 10% and 50% across both urban and rural areas of Haryana. The rate hike is not limited to South City 1. Nirvana Country has also seen a sharp rise, with the rate increasing from Rs 70,000 to Rs 80,000 per square yard. Sector 42 in Gurgaon, which includes premium properties such as DLF Camellias and residential developments along Golf Course Road, now has a revised rate of Rs 79,970 per square yard, up from Rs 72,700. In DLF Phase II, the circle rate has been raised to Rs 72,000, while DLF Phase III now stands at Rs 66,000 per square yard. Despite these sharp increases in Gurgaon's upscale localities, certain areas near the Southern Peripheral Road and Dwarka Expressway remain in the affordable range. Sector 95A, for instance, continues to be the least expensive area in Gurgaon, with a collector rate of just Rs 2,830 per square yard. Licensed colonies in Sectors 68 to 71 are not far behind, where the rate has been raised to Rs 4,800 per square yard. In Sectors 76 to 80, the rate is now Rs 5,000, and in Sectors 91 and 92, it stands at ₹5,600 per square yard. Sectors 81 to 84 now carry a rate of Rs 6,000 per square yard. In Panchkula, the Mansa Devi Complex has also seen a steep increase in property valuation. Sectors 4, 5, and 6 in the area have emerged as the most expensive localities in the district, with collector rates touching Rs 99,000 per square metre, up from the earlier Rs 66,000. The revised collector rates are expected to influence property prices, stamp duty, and registration fees across Haryana, especially in high-demand zones like Gurgaon and Panchkula. Gurgaon Circle Rate Hike 2025: What Developers Say Real estate developers in Gurgaon have offered mixed yet largely optimistic reactions to the Haryana government's decision to revise circle rates across the city. While most acknowledge the move as a step toward market transparency and alignment with real valuations, some caution that the timing could temporarily impact buyer sentiment. Pradeep Aggarwal, Founder & Chairman of Signature Global (India) Ltd., welcomed the proposed hike, stating that Gurugram's real estate market is fundamentally strong and driven by end-users. 'The proposed hike in circle rates, if implemented in a balanced manner, can enhance market transparency, improve buyer confidence, and align property valuations with ground realities," he said. Aggarwal added that for homebuyers, the revision could mean cleaner transactions and better financing opportunities, while the industry may benefit from more formalised growth, greater compliance, and increased investments in infrastructure. 'Maintaining a stable and growth-oriented policy framework will be key to sustaining momentum—encouraging genuine homebuyers, fostering trust, and supporting the long-term vision of Gurugram as a model urban real estate market," he added. Vineet Nanda, director (sales & marketing) of Krisumi Corporation, said the hike clearly reflects the government's intention to increase transparency and align property prices with actual market value. However, he pointed out that the steep increase comes at a delicate time when buyer sentiment is just recovering. 'The steep rise comes at a time when consumer sentiment has only just begun to improve, following the RBI's three consecutive rate cuts totalling 100 basis points. This move could temporarily slow down the growing interest among buyers," Nanda said. Nevertheless, he believes that long-term demand will remain strong, underpinned by Gurgaon's infrastructure expansion, commercial growth, and investor interest. Sumit Ranjan, chief operating officer of Roots Developers, lauded the government's decision, calling it a move that bridges the gap between outdated valuations and real-time market conditions. 'We welcome the Haryana government's proposed circle rate hike of up to 145% in Gurugram, as it bridges the gap between outdated government valuations and robust market realities. This move ensures transparency, boosts state revenue, and reinforces Gurugram's premium positioning," Ranjan said. He added that while there could be a short-term cost impact, the hike signals long-term confidence and benefits for developers and investors, especially in upscale and emerging sectors. Aman Sharma, founder and managing director of Aarize Group, acknowledged the potential of the move but flagged concerns about its timing. 'The proposed circle rate revision in Gurugram underscores the city's real estate potential, but its timing — coinciding with the upcoming festive season — may momentarily affect buyer decisions," he said. Sharma stressed the need to strike a balance between aligning rates with market value and sustaining positive sentiment during high-demand periods. He added that sustained government focus on infrastructure, connectivity, and faster approvals will be essential to maintain the city's momentum as a high-growth real estate destination. About the Author Mohammad Haris Haris is Deputy News Editor (Business) at He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris More Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : real estate view comments Location : New Delhi, India, India First Published: August 02, 2025, 15:12 IST News business » real-estate Gurgaon Circle Rate Hike 2025: Know Haryana's Costliest Locality At Rs 90,000 Per Sq Yard Disclaimer: Comments reflect users' views, not News18's. 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Time of India
24-07-2025
- Business
- Time of India
Delhi NCR developers tighten home sales to curb speculation, prioritize end-users and transparency
Property developers in Delhi NCR are tapping consulting firms, adopting technology for property allotment, and scanning profiles of potential buyers as they increasingly turn cautious in selling homes, to avoid speculator buying. With many projects getting sold out in days, there are concerns that investors are purchasing units in bulk to reap short-term gains from any price rise. However, developers fear such investors could stop payments after the first instalment, which will severely impact projects in the long run. Emaar India had appointed Ernst & Young to oversee the allotment process of one of its latest projects, to ensure transparency and corporate governance. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas In Dubai | Search Ads Get Rates Undo Similarly, Boston Consulting Group oversaw the allocation process for a Signature Global project in NCR , ensuring that the entire procedure from expression of interest (EOI) to allotment, booking, and payment is done digitally. Bengaluru-based Prestige group, which recently launched its first project in NCR, adopted a tech system where a broker had to fill in details to book an apartment. Live Events 'We believe transparency towards buyers and other stakeholders holds utmost importance today. The demand for premium projects remains strong, particularly in our focused micro-markets of Southern Peripheral Road, Dwarka Expressway, and South Gurugram,' said Pradeep Aggarwal, founder and chairman, Signature Global (India) Ltd. 'This demand is driven by the rising appetite of end-buyers for an opulent lifestyle and investors' growing confidence in sustained returns from the real estate market.' 'During FY25, we sold 4,000 units, with property cancellation requests below 5%, reflecting that the market is currently driven by end-users and long-term investors,' Aggarwal said. 'Enhanced buyer awareness, digital transparency, regulatory reforms, and rising demand for quality housing have strengthened sentiment.' Many builders have also started taking more than Rs 20 lakh booking amount to ensure they get only serious buyers. 'Some of the builders have started thinking of giving credit rating-linked discounts while some are ready to give discounts if the buyer is taking home finance. Both ensures that payment will continue to come during the construction period,' said Anckur Srivasttava, chairman of GenRealProperty Advisers, a real estate advisory firm. Housing sales across the top seven cities fell sharply during the June quarter, as a steep rise in property prices and geopolitical tensions impacted homebuyer sentiment, showed a survey by a real estate consultancy. However, unit sales climbed sequentially. In calendar years 2023 and 2024, over 100,000 units were sold every quarter. In 2025, 93,280 units were sold in the March quarter, and 96,285 units in the June quarter, signalling a slowdown in the sector.
Business Times
08-07-2025
- Business
- Business Times
Affordable homes in India dwindle to seven-year low: report
[NEW DELHI] India's supply of houses costing less than five million rupees (S$74,555) fell to their lowest since 2018, a Knight Frank report found, signalling that the trend of developers pivoting away from this segment continues. The affordable segment saw supply of new housing units plunge to 30,806 in the six months to June, the real estate consultant said in the report last week. The share of this segment in total housing sales has dropped to 22 per cent over this period, versus 54 per cent in the first half of 2018. The recent trend of the market shifting towards pricier and larger homes is due to buyers seeking a better lifestyle and better margins for developers, according to Vivek Rathi, national director, research at Knight Frank India. The trend is likely to get more entrenched as a slew of Indian developers, from Mahindra Lifespace Developers to SignatureGlobal India, ditch affordable homes in favour of premium housing projects. 'Rising land and construction costs, coupled with regulatory price caps have made it increasingly difficult for many developers to sustain projects in this segment,' Pradeep Aggarwal, chairman at SignatureGlobal said. The northern state of Haryana for instance, which neighbours the capital city of New Delhi, has a ceiling of 5,000 rupees per square feet on affordable housing units in designated zones. The rule is aimed at keeping home prices low for the masses but curbs developers' earnings. SignatureGlobal, which has made 21 affordable housing projects in Gurgaon in Haryana in the past decade, is now focusing on homes priced above 20 million rupees. Mahindra Lifespaces plans to exit this segment and will not have any affordable housing projects on its books by March 2030, according to a local media report. BLOOMBERG
Time of India
29-05-2025
- Business
- Time of India
Gurgaon's Southern Peripheral Road: A booming real estate hub with Rs 100,000 crore projects
DLF, India's premier developer, has introduced two upscale residential developments that have experienced value appreciation post-launch. (AI image) Southern Peripheral Road (SPR) in Gurgaon has become the region's most dynamic micro-market, with developments valued at Rs 50,000 crore initiated since 2022, whilst an additional Rs 50,000 crore worth of projects are scheduled for the next three years. Property values along SPR have shown substantial growth in five years, increasing from Rs 7,690 per sq ft in 2020 to Rs 18,000 per sq ft by mid-2024. DLF, India's premier developer, has introduced two upscale residential developments that have experienced value appreciation post-launch, with the subsequent phase expected this quarter. "Gurugram is growing fast, with many new infrastructure projects. One of the fastest-growing areas is SPR. When people think about buying a home, location plays the crucial role in the decision-making," said Aakash Ohri, Joint MD and Chief Business Officer, DLF Homes according to an ET report. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo The value increase is primarily due to enhanced infrastructure, including expanded roads and new flyovers, improving connections to Golf Course Road, Sohna Road, and NH-48. "Demand for properties has surged in and around SPR, particularly since the second half of 2021. The region has seen sustained sales momentum, with transaction values rising sharply, underscoring strong and consistent demand," said Pradeep Aggarwal, founder and chairman, Signature Global. Signature Global, owning a 93-acre plot in the vicinity, has launched over 2.1 million sq ft of development and plans an additional 14.9 million sq ft. The 16-km SPR corridor, connecting Gurgaon-Faridabad Road to NH-48, has considerably enhanced accessibility and property values. At a projected sales rate of Rs 18,000 per sq ft, Signature Global's forthcoming projects in the area are anticipated to achieve total sales of Rs 27,000 crore. Trump Residences, recently announced, is situated within the SPR zone. "The Gurgaon market continues to attract strong investor interest, and good projects have delivered solid returns in the recent past," said Pankaj Bansal, co-founder, Smartworld Developers. A development launched in 2023 in Sector 76 along SPR at Rs 10,500 per sq ft experienced significant appreciation of nearly 64%, with current rates around Rs 17,250 per sq ft. "The real estate market in NCR, particularly Gurugram, is set to reach new highs driven by infrastructure upgrades, rising housing demand, and a vibrant commercial ecosystem. Completion of key projects like the Dwarka Expressway, SPR, and the Rapid Transit System will enhance connectivity and fuel demand from both homebuyers and investors," said Navdeep Sardana, founder, Whiteland Corporation.
