Business Standard-Q3 FY25 for home developers: Flat pre-sale growth, strong revenue expected
Developers building homes are estimated to post yearly growth in pre-sales but strong revenues in the third quarter of the financial year (Q3 FY25). Pre-sales have moderated amid delays in approval for projects, particularly for Bengaluru-based realtors.
Residential project launches in the top eight Indian cities declined by 33 per cent, while sales plunged by 26 per cent year-on-year in Q3 FY25, according to real estate consultant PropTiger. Average property prices in major Indian cities grew by almost 13 per cent, according to PropEquity, another consultant.
