Housing prices in India expected to moderate 5% in 2024-25: India Ratings devdiscourse.com
India Ratings and Research (Ind-Ra) has maintained a neutral outlook for the residential real estate sector for the financial year 2024-25. Absorption in residential real estate and prices are likely to be supported by affordability and stability of interest rates, the rating agency said. However, given the high base of the just-concluded financial year 2023-24, the growth rates are likely to taper down. The residential real estate market registered a strong performance in the first three quarters of 2023-24 where the sales growth exceeded 25 per cent year-on-year for the top eight real estate clusters, despite price increases and sticky interest rates.
