No rate cut by RBI; Developers pin hopes on festive demand to sustain housing momentum
Stability in interest rates offers clarity for both developers and homebuyers, enabling structured planning and decision-making.
Stability in interest rates offers clarity for both developers and homebuyers, enabling structured planning and decision-making.
There was an annual sales drop of 20%, with approx. 96,285 units sold in the quarter against approx. 1,20,335 units in Q2 2024.
Housing sales in Q1 2025 stood at 1,05,791 units as compared to 1,36,702 units in the same period last year. Except Bengaluru and Delhi-NCR, all 7 cities witnessed a decline in sales.
Housing sales in India’s 8 prime residential markets dipped 26% in the October-December period of 2024.
Housing sales in the top 7 cities witnessed a marginal 4% decline in 2024, however, the overall sales value of housing units saw a 16% yearly jump.
Housing supply fell to 85,765 units in Q4 CY2024 as against 1,27,936 units in the same period last year.