Indian Housing market set for sales growth despite budget provisions

The residential market in India shows a positive outlook, with 51 per cent of stakeholders predicting higher sales over the next six months.

Despite this optimism, stakeholders remain cautious and attentive to upcoming budget impacts and other uncertainties, according to the Knight Frank report.

However, a notable 24 per cent expect stability, while 25 per cent predict a potential decrease, reflecting a balanced yet cautious sentiment. The outlook for residential launches is also positive, with 61 per cent expecting an increase, suggesting continued demand. A more tempered view is held by 20 per cent of respondents who expect stability, and 19 per cent foresee a decrease in launches.

The Indian real estate sector continues to reflect a positive outlook for the near future, though with a more cautious approach.

In terms of pricing, 63 per cent of stakeholders expect a rise, but 36 per cent anticipate stable prices, and a very small minority predict a decline.

G Hari Babu, National President, National Real Estate Development Council (NAREDCO), said, “The residential and office markets continue to show notable activity, signalling ongoing growth and opportunity. Developers and other key stakeholders, including banks and financial institutions, are maintaining a positive outlook.”