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Housing sales fell 5 per cent to 2.53 lakh units during the first six months of this year but increased 9 per cent in value terms to Rs 3.59 lakh crore across eight major cities, according to a CREDAI and CRE Matrix report. On Thursday, realtors' apex body CREDAI and data analytics firm CRE Matrix released a report on primary housing markets of India's top eight cities -- Bengaluru, Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Kolkata, Chennai, Hyderabad and Ahmedabad. As per the data, the housing sales in these eight cities declined 5 per cent to 2,53,119 units during January-June 2025 from 2,67,219 units in the year-ago period. Appreciation in prices of residential properties led to an increase of 9 per cent in sales in value terms to Rs 3,59,373 crore in the first half of 2025 from Rs 3,30,750 crore in the corresponding period of the preceding year. "We are witnessing a decisive shift in homebuyer preferences across India. The demand is clearly moving towards larger, ...
Housing prices are likely to rise by an average 4-6 per cent in the medium term after recording a double-digit growth in the last two financial years, according to Crisil Ratings. "Residential real estate developers will see stable sales growth this fiscal and the next as demand steadies after three years of post-pandemic recovery. Demand or volume is seen rising 5-7 per cent and average prices 4-6 per cent," Crisil said in a statement. With supply expected to continue exceeding demand, inventory levels should inch up this and next fiscal, it added. However, the rating agency said that strong collections and deleveraged balance sheets of developers will keep their credit profiles healthy. Crisil has analysed 75 real estate companies, accounting for around 35 per cent of the residential sales in the country. During the three financial years, the rating agency said that sales in value terms clocked a compound annual growth rate (CAGR) of around 26 per cent, and demand (volumes) cloc