ICRA forecasts a 5-6% increase in average sale prices for residential properties in India, driven by a higher focus on luxury home launches. The agency expects the area sold in the top seven cities—Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Pune, Kolkata, and Chennai—to grow by 10-12% to 785-800 million square feet in FY25. Residential sales saw a 19% YoY growth in FY24, with a 12% YoY rise in new launches to 767 million square feet. Despite a slower start, strong end-user demand and lower inventory suggest stable growth for the sector.
5-6% Rise in Residential Property Prices: ICRA
