Residential and commercial sectors to stand as pillars of resilience

The residential segment will remain largely steady, and the commercial segment will exhibit strong growth.

After a scorching run-up in the last two financial years, demand growth in the residential real estate segment is expected to show steady growth this financial year, supported by a stable interest rate environment and a positive outlook for the segment.

Growth is expected to be stable on the supply side as well. With a stable outlook for both demand and supply, the year-to-sales indicator for inventory will continue to remain favourable.

The fundamental drivers of demand remain positive. Reputed developers recorded steady growth in sales booking revenue in the first half of this financial year, driven by demand in the high-end and luxury segments. This upward trend is further augmented by a notable shift in consumer preferences, with homebuyers increasingly opting for spacious units and projects that offer a premium array of amenities.