Mumbai, October 07, 2025 — India’s residential real estate market maintained steady growth in the third quarter of 2025, driven by strong demand for premium homes. According to Knight Frank India’s quarterly update, 87,603 housing units were sold across the top eight cities in Q3 2025 — a 1% year-on-year (YoY) increase, defying expectations of a slowdown.

Supply remained stable, with 88,655 new units launched, a marginal 2% YoY decline. Price growth persisted across all markets, underpinned by easing inflation, improved liquidity, and supportive macroeconomic conditions.

Inflation cooled to 2.07% in August 2025, down from 3.65% a year ago. The RBI’s FY 2026 GDP forecast was raised to 6.8%, and the repo rate stood 100 bps lower than end-2024 — factors that bolstered end-user confidence and homebuying sentiment.

City-wise Residential Sales Performance — Q3 2025

Mumbai led with 24,706 units sold, contributing 28% of total sales. Chennai stood out with 12% YoY growth, its highest post-pandemic performance. NCR and Bengaluru maintained steady volumes, while Pune was the only laggard with an 8% decline.

Premium Housing Emerges as Growth Driver

Premium housing continued its upward trajectory, marking a structural shift in buyer demand. Units priced below ₹1 crore saw their share of sales decline to 48% in Q3 2025 from 54% a year earlier. In contrast, sales of homes priced over ₹1 crore rose to 52%, growing 15% YoY.

The ₹1–2 crore segment accounted for 28% of total sales, making it the largest by volume. Ultra-luxury categories like ₹10–20 crore recorded a 170% surge YoY, albeit on a lower base.

Ticket-Size Segment Sales — Q3 2025

Gulam Zia, Senior Executive Director – Valuation, Advisory and Research, Knight Frank India, observed that premium housing has “decisively taken centre stage,” reflecting changing urban aspirations for larger, better-quality homes.

New Launches See Mixed Trends

New residential launches across the top eight markets dipped slightly by 2% YoY to 88,655 units. Growth was led by Chennai (+44%) and Bengaluru (+28%), while Mumbai and NCR saw sharp declines of 19% each, weighing on overall supply.

Price Growth Remains Broad-Based

Average residential prices rose across all markets in Q3 2025, led by NCR (+19%), followed by Bengaluru (+15%) and Hyderabad (+13%). Even with moderate sales growth, robust price appreciation points to sustained demand and limited immediate supply pressures.

Inventory Health Stays Stable

The Quarters to Sell (QTS) — a key indicator of market health — remained stable at 5.8 quarters, equivalent to less than 18 months of inventory. Unsold inventory rose 4% YoY to 506,400 units, but stable sales velocity over the past eight quarters indicates healthy absorption.

Notably, unsold inventory in higher ticket-size segments (above ₹2 crore) has risen faster than in the affordable categories, particularly in the ₹20–50 crore range where QTS stretched to 14.4 quarters, indicating slower absorption in ultra-luxury homes.

Market Outlook: Plateau Phase Likely Ahead

Shishir Baijal, Chairman & Managing Director, Knight Frank India, noted that India’s housing market is now in its fifth year of an upcycle, and the YoY growth rates are beginning to rationalise. He indicated the market may be entering a prolonged plateau phase, supported by stable macroeconomic conditions and evolving buyer preferences.

Financing innovations, subvention schemes, and fiscal incentives continue to channel demand toward higher-value segments, ensuring resilience even amid geopolitical uncertainties.

Also Read: Home Sales Up By 12% In India.

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The offer, with a face value of ₹5 per equity share, comprises an Offer for Sale (OFS) of up to 3.55 crore shares by the company’s promoter, Mr. Vijay Surana J. No fresh issue component has been announced.

Company Overview

Incorporated in 2004, Grand Housing focuses on plotted real estate development primarily in Tamil Nadu, especially in and around Chennai. The company’s business model involves:

• Acquiring parcels of land
• Building basic infrastructure — roads, power, sewage, water
• Converting the parcels into developable land for residential or industrial use

In some cases, Grand Housing acquires contiguous parcels to create larger tracts for more economically viable development.

Project Segments

1. Residential Plotted Development
   • Target buyers: individual homeowners constructing houses or villas
   • Plot sizes: 600–2,400 sq. ft.
   • Pricing: ₹1,500–₹5,000 per sq. ft.
2. Industrial Plotted Development
   • Focuses on large contiguous parcels for industrial use

The company’s operations are concentrated in Chennai, one of India’s most urbanized and economically dynamic cities, benefiting from cultural heritage, moderate climate, and robust population growth.

Land Bank and Financials

As of March 31, 2025, Grand Housing had land reserves of 83.13 million sq. ft. (1,908.52 acres), excluding ongoing, completed, and upcoming projects.

• Revenue from operations: ₹156.66 crore in FY25 (vs ₹94.61 crore in FY23)
• Net profit: ₹84.59 crore in FY25 (vs ₹30.92 crore in FY23)

IPO Structure & Listing Plan

The IPO will be carried out through the book-building process:

• QIBs: Not more than 50% of the offer
• Non-institutional bidders: Not more than 15%
• Retail investors: At least 35%

Smart Horizon Capital Advisors is the Book Running Lead Manager, and Bigshare Services Pvt. Ltd. is the Registrar. The company’s equity shares are proposed to be listed on BSE and NSE.

Also Read: WeWork India Files DRHP with SEBI for IPO

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GCC Office Leasing Snapshot: Q1 2025

• Total gross leasing by GCCs: 8.35 Mn sq. ft.
• Total gross office leasing (all occupiers): 19.47 Mn sq. ft.
• GCCs’ share of total leasing: 43%
• YoY growth in GCC leasing: 72% (from 4.87 Mn sq. ft. in Q1 2024)

City-wise Gross Leasing by GCCs (Q1 Comparison)

Bengaluru leads the list with a 40% share (3.3 Mn sq. ft.), followed by Delhi-NCR with 23% (1.91 Mn sq. ft.), and Chennai with 15% (1.22 Mn sq. ft.).

Sector-wise GCC Office Leasing (Q1 2025)

While IT/ITeS continues to dominate the space, there is a visible rise in demand from BFSI and manufacturing & industrial sectors. This reflects diversification in the operational focus of new and expanding GCCs in India.

Historical Office Leasing by GCCs (Top 7 Cities)

GCC Growth Outlook: 2024 to 2030

Global Origins of Indian GCCs (2024 Data)

Key Trends Driving GCC Expansion in India

• Policy support: Union Budget incentives and state-level infrastructure schemes
• Skilled talent availability beyond metros
• Cost competitiveness in Tier 2 & 3 cities
• Diversification beyond IT/BFSI into manufacturing, e-commerce, and consulting
• Growing demand for mid-sized GCCs (1,000–2,000 employees)

As the global business environment leans toward strategic offshoring and digital transformation, India’s office space market — particularly in Bengaluru, Hyderabad, Chennai, and Delhi-NCR — continues to witness robust traction from GCCs. The industry’s expansion into Tier 2 cities like Ahmedabad, Kochi, and Coimbatore signals a broader base for growth in the coming years.

Also Read: Why Commercial Real Estate Investors Are Betting On Office Spaces

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Bengaluru and Delhi NCR emerged as key drivers of this growth, contributing nearly half of the total leasing activity. Chennai also showcased remarkable performance, with office space demand almost doubling to 2.9 million square feet, primarily driven by large transactions from technology firms.

Key Highlights of Q1 2025 Office Leasing:

• Conventional leasing dominates: Conventional workspaces accounted for 86% of the total Grade A office space demand, while flex spaces made up the remaining 14%.
• New supply steady: New office space supply remained stable at 9.9 million square feet, with Bengaluru, Delhi NCR, and Pune contributing nearly 90% of total completions.
• Vacancy rates drop: Strong demand momentum led to a 120-basis-point annual decline in vacancy levels, signaling a healthier market balance.
• Rental growth: Average office rentals surged 8% annually, driven by robust demand and limited new supply in key micro-markets.

City-Wise Leasing Trends (YoY Change)

Source: Colliers India

New Supply Trends

Despite strong leasing demand, new office supply remained stable at 9.9 million square feet. However, the distribution of new supply varied significantly across cities:

• Delhi NCR saw a staggering 440% YoY jump in new supply to 2.7 million square feet.
• Pune also recorded a 150% increase in new completions, reaching 2.5 million square feet.
• Hyderabad witnessed an 88% drop in new supply, with only 0.3 million square feet added.

Sector-Wise Leasing Trends

• Technology firms led demand, leasing 4.4 million square feet (28% share of total absorption).
• BFSI (Banking, Financial Services, and Insurance) and Engineering & Manufacturing sectors collectively accounted for 36% of the total office space uptake.
• Flex space leasing surged 22% YoY, reaching 2.2 million square feet, driven by enterprise-level managed office solutions.

Outlook for 2025

The Indian office leasing market is expected to maintain strong momentum throughout the year, driven by corporate expansions, infrastructure development, and favorable policy measures. With sustained demand, flex spaces are anticipated to gain further traction, potentially constituting 12-15% of occupiers’ portfolios in the coming years.

Arpit Mehrotra, Managing Director, Office Services, India, Colliers, stated, “2025 has started on a strong note, with leasing activity driven by corporate expansions and rising investments in commercial real estate. With policy support and continued demand from global capability centers (GCCs), we expect a strong growth trajectory in Tier I and select Tier II cities.”

As India cements its position as a key global business hub, the commercial real estate sector is poised for sustained growth in the months ahead.

Also Read: Century Real Estate

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This surge reflects growing consumer confidence in newly launched properties, as homebuyers prioritize affordability and potential returns over ready-to-move-in (RTMI) homes. The trend has been steadily rising over the past five years:

• 2020: Of 1.38 lakh units sold, 28% were fresh launches.
• 2021: 34% of 2.37 lakh sold units were newly launched.
• 2022: 36% of 3.65 lakh sold units were from new launches.
• 2023: 40% of 4.77 lakh sold units were newly launched.

Bengaluru & Chennai Lead in New Launch Absorption

Among the top seven cities, Bengaluru and Chennai recorded the highest share of new supply absorption in 2024, with 53% each. Of approximately 65,230 units sold in Bengaluru, 53% were newly launched, while in Chennai, 53% of 19,220 sold units were from new launches.

NCR also saw a significant rise in new launch absorption, with over 44% of 61,900 units sold in 2024 coming from projects launched in the same year. This marks a sharp increase from just 22% of newly launched homes sold in 2019. The shift highlights a growing preference among NCR homebuyers for fresh supply, backed by financially strong developers and improved regulatory oversight post-RERA.

Investors Shift Focus to Southern Cities

Investor sentiment is also fueling the demand for fresh launches, particularly in Bengaluru, Hyderabad, and Chennai. These cities have seen a notable rise in new launch sales share, indicating increasing investor interest in properties at lower entry points.

Unlike previous years, developers are now focusing on launching projects that align with market demand, offering prime locations, optimal unit sizes, and desirable configurations. This has driven large and listed developers to actively acquire land for new residential developments. In 2024 alone, ANAROCK reported 133 land deals covering 2,515 acres, with 1,948 acres dedicated to residential projects.

City-Wise Absorption Trends

Kolkata recorded the lowest share of fresh supply absorption at 31% of approximately 18,330 units sold in 2024. However, this was still an improvement from 23% in 2019, indicating a gradual increase in new project demand.

Conclusion

The rise in new launch sales across India’s top cities signals a transformative shift in homebuyer behavior. With the dominance of reputed developers, improved market transparency, and favorable pricing in fresh launches, new projects are gaining unprecedented traction. As the demand for residential real estate continues to evolve, the preference for newly launched homes over RTMI properties is expected to remain strong, shaping the future of India’s housing market in the years ahead.

Also Read: Bhushan Kumar Of T-Series Paid Rs 167 Crore For Juhu Bungalow

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Mumbai, 23rd January 2025: Net absorption of commercial office space across India’s top six markets is projected to exceed 60 million square feet (msf) in FY2026, the highest ever, according to a report by ICRA. The cities—Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai Metropolitan Region (MMR), and Pune—are expected to achieve a 3-4% increase in absorption over FY2025’s estimated 59-60 msf.

Despite a surge in new office space supply of 125-130 msf across FY2025 and FY2026, vacancy levels are anticipated to decline to 14-14.5% by March 2026, marking a multi-year low. This trend is driven by robust demand from global capability centers (GCCs), domestic corporates, increased physical occupancy in offices, and revival in IT-SEZ spaces due to regulatory changes.

“Leasing activity has remained resilient, with net absorption reaching approximately 54 msf in FY2024 and 44 msf during the first nine months of FY2025. Vacancy levels dropped by 70 basis points to 14.7% as of December 2024, compared to March 2024. By March 2026, occupancies in the top six markets are expected to reach a decade-high of 85.5-86%,” said Anupama Reddy, Vice President and Co-Group Head – Corporate Ratings, ICRA.

India’s Office Market Resilient Amid Global Slowdown

The Indian office market has defied global economic sluggishness due to its cost-effective, highly skilled workforce, a growing domestic economy, and competitive rental prices. These factors continue to attract global firms, strengthening India’s position as a preferred real estate investment destination.

ICRA expects the credit profiles of office space operators to remain stable, supported by an increase in net operating income (NOI). The debt-to-NOI ratio for operators is forecasted to improve to 3.9-4x by March 2026, compared to 4.3-4.4x by March 2025. Debt service coverage ratios (DSCR) are projected to rise to 1.45-1.5x in FY2026 from 1.35x in FY2025.

Retail Malls See Growth Amid Challenges

Retail mall operators are also expected to witness growth, with rental income projected to increase by 7-8% year-on-year in FY2025 and 8-9% in FY2026. New mall supply of 9-9.5 msf each year in FY2025 and FY2026 is expected to stabilize vacancy levels at 21% as of December 2024 and maintain occupancy rates of 79-80% through March 2026.

“Retail consumption growth is expected to moderate to 6-7% in FY2025 due to the General Elections, weather disruptions, and the impact of extended monsoons. However, a rebound is anticipated in H2 FY2025, driven by the festive and wedding seasons. Segments such as food, apparel, accessories, and hypermarkets will continue to drive growth,” added Reddy.

Despite the positive outlook, challenges persist for retail mall operators, including the growing competition from e-commerce and q-commerce platforms, which are increasingly impacting even premium brands in the fashion segment.

ICRA estimates the debt-to-NOI ratio for mall operators to improve to 4.2-4.5x by March 2026 from 4.6-4.8x in March 2025, driven by rising NOI levels. DSCR is expected to remain stable at 1.45-1.5x during FY2025-FY2026, indicating a healthy financial outlook for the sector.

Conclusion

The sustained growth in India’s office and retail real estate markets underscores the country’s resilience and potential as a global investment hub, driven by its robust economic fundamentals and growing demand for quality commercial spaces.

Bengaluru office demandAlso Read:

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Among the leading cities, Hyderabad, Delhi NCR, and Mumbai recorded the highest leasing volumes, collectively representing 70% of the leasing activity on main streets. The demand for retail space in these locations has pushed rental rates upward, particularly in Delhi NCR, Bengaluru, Chennai, and Kolkata, where rents surged by up to 15% year-over-year.

Rental Growth Across Prominent Main Streets

The report outlines the year-over-year rental growth across various prominent main streets:

• Delhi NCR: 13-15% increase
• Bengaluru: 12-14% increase
• Chennai: 12-14% increase
• Kolkata: 12-14% increase
• Mumbai MMR: 5-7% increase
• Pune: 1-3% increase
• Hyderabad: No significant change
• Ahmedabad: 8-10% increase

In contrast to the strong performance of main streets, retail leasing in malls has remained relatively subdued, constituting just 32% of the total leasing activity. The absence of new mall supply in Q3 2024, coupled with tightening vacancy rates in existing Grade-A malls, has contributed to a more cautious leasing outlook in the mall segment.

Tightening Mall Vacancies

Across major cities, Grade-A mall vacancy rates have continued to tighten, driven by increasing demand, especially from international brands. Foreign brands now account for nearly 30% of leasing activity in malls for the year-to-date period in 2024.

In Q3 2024, the following cities saw the most significant declines in Grade-A mall vacancies:

• Mumbai MMR: 0.89%, down by 18 basis points
• Delhi NCR: 13.91%, down by 33 basis points
• Bengaluru: 5.35%, down by 213 basis points
• Pune: 6.49%, down by 125 basis points
• Hyderabad: 1.50%, down by 137 basis points
• Chennai: 1.74%, down by 17 basis points
• Kolkata: 2.69% (no change)
• Ahmedabad: 11.75%, down by 122 basis points

With vacancy rates tightening in Grade-A malls, demand from international retailers remains high. Notably, foreign brands represented approximately 15% of the overall leasing volume in 2024.

Projected Supply and Leasing Activity

Looking ahead to Q4 2024, approximately 1.8 million square feet of Grade-A malls are set to open, primarily in Mumbai, Delhi NCR, and Pune, providing new opportunities for retailers. This upcoming supply is expected to help alleviate the tightening vacancy rates, though the demand-supply imbalance may persist for some time.

Regional Market Highlights

• Delhi NCR: Retail leasing activity reached 0.3 million square feet in Q3, with Gurugram leading the charge, accounting for 44% of the leasing volume. Main street rentals in Galleria Market in Gurugram saw a remarkable 20% growth both quarter-over-quarter and year-over-year. In Khan Market, rentals also jumped 7% during the same period.
• Mumbai: The city’s retail sector saw leasing volumes of 0.16 million square feet in Q3, a 76% increase from the previous year. Prominent suburban malls accounted for the majority of this activity, contributing 64% of the total leasing volume.
• Bengaluru: With 0.2 million square feet of retail leasing in Q3, Bengaluru recorded a 10% year-over-year growth. Main street leasing contributed 56% of the total leasing volume, with notable growth seen in high-street locations.
• Chennai: Main street leasing in Chennai surged by 28% quarter-on-quarter and 57% year-over-year. However, leasing in malls was limited, reflecting the lack of quality space in the market. Main street rentals in areas like Anna Nagar and Pondy Bazaar saw a strong 8-12% increase.
• Hyderabad: Retail leasing activity reached 0.49 million square feet, up 22.3% year-over-year. Main street rents rose by up to 10%, particularly in key areas like M.G. Road and Abids. The city’s Grade-A mall vacancy rate dropped to just 1.5%.
• Kolkata: Main streets continued to lead retail leasing activity, with limited Grade-A mall supply contributing to the ongoing demand. The overall vacancy rate in malls remained stable at 6.8% quarter-over-quarter.
• Pune: Retail leasing in Pune grew significantly in Q3, with mall leasing volumes increasing 85% from the previous quarter. Main street leasing saw a remarkable 104% jump quarter-over-quarter, particularly in established areas like NIBM Road.
• Ahmedabad: Retail leasing in Ahmedabad remained steady, with main street leasing totaling approximately 59,900 square feet. Malls saw a slight decline in leasing activity, though vacancy rates continued to tighten.

Future Outlook

Despite the slower leasing activity in malls during Q3 2024, the outlook for Q4 remains positive, with a significant influx of new Grade-A mall supply expected. This should help meet the growing demand for retail space, particularly from high-end international brands and expanding domestic retailers.

Saurabh Shatdal, Head of Retail and Managing Director, Capital Markets at Cushman & Wakefield, commented on the findings: “The Indian retail sector is evolving rapidly, with main streets driving high leasing due to limited mall supply. While malls saw a quieter quarter, we expect this gap to be addressed in Q4 with a strong influx of new Grade-A spaces. The evolving lifestyles of Indian consumers, especially in fashion, food & beverage, and accessories, are also playing a pivotal role in shaping retail leasing trends.”

As the retail landscape continues to evolve, Cushman & Wakefield’s latest report underscores the ongoing growth of India’s main streets, alongside a promising supply pipeline that will help meet the growing demand for premium retail spaces across key urban markets.

Also Read: Indian retail sector booms: 5.3 million sq. ft leased in top 7 cities during first 9 months (Jan-Sept) of 2024

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The share of foreign investors has surged from 27% in Q3 2023 to 46% in Q3 2024, while domestic investors’ share fell to 43% from 71% year-on-year. However, the decrease in domestic investment value was only 15%.

Shrinivas Rao, CEO of Vestian, noted that the growth reflects confidence in India’s economic prospects, bolstered by strong GDP growth and rapid infrastructure development. Residential assets remained a preferred choice for domestic investors, while foreign investors dominated commercial deals, which accounted for 71% of total investments in Q3 2024, up from 24% a year earlier.

Chennai emerged as the top city for investment during this period, capturing 48% of total investments, primarily in industrial and warehousing sectors. Additionally, proptech platforms gained traction, representing 22% of the total investments, a trend likely to continue with advancements in artificial intelligence and machine learning within the real estate sector.

Also Read: Industrial & Warehousing sector records 21.9% annual demand growth in H1 2024

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Increased Demand from Engineering, Manufacturing, and BFSI Sectors

The report forecasts that between 2025 and 2027, engineering and manufacturing, along with banking, financial services, and insurance (BFSI) sectors, will each lease approximately 11-12 million square feet of office space annually. This demand will collectively represent about 40% of the total office space market. This marks a notable increase from the previous three years, where these sectors accounted for 8-9 million square feet each.

Shift in Demand Patterns: GCCs as Knowledge and Innovation Hubs

GCCs are anticipated to drive around 40% of annual Grade A office space demand as they evolve into hubs for knowledge and innovation. This shift reflects a broader trend where traditional tech-dominated demand diversifies to include a wider range of occupiers, including those from engineering, manufacturing, healthcare, consulting, and flex spaces.

Leasing Trends Across Key Sectors

The report provides insights into leasing trends:

• Technology: Technology firms are expected to stabilize their space uptake at around 15 million square feet annually, a slight decrease from previous years.
• Engineering & Manufacturing: This sector’s demand is projected to rise to 12 million square feet annually.
• BFSI: The BFSI sector will see a growth in demand, reaching 11.5 million square feet per year.
• Flex Spaces: These are expected to account for 15-20% of total office leasing, with expansion into new geographies.

Regional Demand Insights

Bengaluru continues to lead in office space demand across most sectors, with anticipated annual leasing activity approaching 20 million square feet. However, cities like Hyderabad, Chennai, and Pune are gaining momentum. Hyderabad’s SBD and Chennai’s OMR Zone 1 are particularly noted for their increased traction among technology and BFSI firms.

Changes in Leasing Dynamics Post-Pandemic

The average transaction size has decreased to around 43,000 square feet in 2023, down 11% from 2019. Conversely, the number of deals has increased by 44%, reflecting a shift towards smaller, mid-sized office spaces as companies adopt distributed work models. The volume of flex space and engineering & manufacturing deals has surged by over 70% post-pandemic.

Emergence of Smaller Cities

While the top six cities (Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai, and Pune) remain central to office space demand, smaller cities such as Bhubaneswar, Chandigarh, and Coimbatore are emerging as high-potential growth centers.

Preference for Green-Certified Buildings

Sustainability is a major focus, with approximately 75% of office space take-up in 2024 expected to be in green-certified buildings. Engineering, BFSI, and technology sectors are leading this trend, aligning with broader ESG goals.

Conclusion

Colliers’ report underscores the evolving dynamics of the Indian office market, characterized by a shift towards occupier-driven demand and a heightened focus on sustainability. The findings indicate robust growth potential across various sectors and geographies, offering valuable insights for developers and investors in the commercial real estate sector.

Also Read: Flex Spaces to Play Major Role in Office Expansion, Survey Reveals

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Affordability Trends

The report highlights a significant shift in housing affordability. Between 2020 and 2024, household incomes across India’s top 10 cities grew at a compound annual growth rate (CAGR) of 5.4%, while property prices surged at a CAGR of 9.3%. As a result, the Property Price to Annual Household Income Ratio (P/I Ratio) has risen from 6.6 in 2020 to 7.5 in 2024, surpassing the globally accepted benchmark of 5.

Based on the P/I Ratio, Chennai, Ahmedabad, and Kolkata are identified as the most affordable cities for residential investments in 2024, each with a ratio of 5. In contrast, the Mumbai Metropolitan Region (MMR) and Delhi are the least affordable, with ratios of 14.3 and 10.1, respectively.

Rising EMI Burden

The report also reveals a growing burden on home buyers, with the EMI-to-monthly income ratio increasing from 46% in 2020 to 61% in 2024. This trend indicates mounting affordability concerns, particularly in major metros. The ratio is notably high in MMR (116%), New Delhi (82%), Gurugram (61%), and Hyderabad (61%). Conversely, cities like Ahmedabad (41%), Chennai (41%), and Kolkata (47%) remain relatively more affordable.

Market Outlook

Magicbricks CEO Sudhir Pai noted that residential investments were most affordable between late 2021 and 2022 due to low interest rates and recovering incomes. However, increased demand and rising prices have since challenged affordability. The report predicts a potential equilibrium in the market, with a slowdown in price growth expected due to anticipated increases in residential supply.

Also Read: India Achieves Landmark Transparency in Global Real Estate Market

Investment Insights

The price-to-annual income ratio provides insights into housing affordability across cities. Ratios below 5 indicate affordability, while ratios above 8 suggest high unaffordability. The current data underscores the varying degrees of affordability in different Indian cities, with Chennai, Ahmedabad, and Kolkata emerging as favorable investment destinations amidst rising costs nationwide.

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