The residential real estate sector is projected to maintain stable absorption and prices in FY25, supported by favorable affordability and stable interest rates. Despite the likelihood of a slowdown compared to the high base of FY24, significant growth was recorded in 9MFY24, with sales growth exceeding 25% y-o-y for the top eight real estate clusters. India Ratings and Research (Ind-Ra) has a neutral outlook for FY25, expecting pre-sales growth to moderate to 8%-10% y-o-y. Inventory levels have risen in the premium and luxury segments, with a 5% expected growth in property prices for FY25.
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