Residential Real Estate: A Steady Climb in Housing Market
Housing prices are set to increase by 4-6% in the medium term after substantial growth in the past two years. Despite elevated capital values and delays in some regions, demand is projected to rebound due to improved affordability and stable sales growth in the current and upcoming fiscal years.
- Country:
- India
Housing prices are expected to witness a 4-6% increase in the medium term, according to Crisil Ratings. This follows a considerable upswing in the past two fiscal years.
Residential real estate developers are anticipated to experience stable sales growth this fiscal year and the next, with demand projected to rise by 5-7% and average prices by 4-6%. Stable post-pandemic recovery has steadied the market outlook.
Even with supply outpacing demand, inventories are likely to rise slightly in the near future. Strong collections and deleveraged balance sheets ensure a healthy credit profile for developers, with 75 companies covering 35% of national residential sales being analyzed.
(With inputs from agencies.)
Advertisement
ALSO READ
TMC MP Banerjee Demands Answers in Wake of Pahalgam Attack
Abhishek Banerjee Demands Accountability Over Pahalgam Terror Attack
An Icon's Legacy: EBC Empowerment and ST Status Demand
High Stakes in Citgo Auction: Venezuela's Debt, U.S. Courts, and Billion-Dollar Bids Collide
Demand for Accountability: Maharashtra Bridge Collapse Raises Questions
Google News