India’s residential real estate market witnessed a notable slowdown as housing sales fell below one lakh units for the first time in 18 quarters. The decline was primarily attributed to limited new project launches and constrained housing supply across major metropolitan markets rather than weak buyer demand. While demand for quality housing remains resilient, the shortage of inventory has impacted overall sales volumes. Industry experts believe that the market continues to be supported by favourable economic conditions, rising incomes, and sustained interest from homebuyers, particularly in the premium and luxury segments. Developers are expected to accelerate project launches in the coming quarters to address the supply gap and meet evolving demand. The trend highlights the importance of maintaining a balanced pipeline of new developments to ensure stable growth in India’s residential real estate sector. 

Source:MoneyControl