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India's housing market continues to be strong with steady growth in sales volume as well as pricing, Godrej Properties Executive Chairperson Pirojsha Godrej said, ruling out any concern on the demand side. In an interview with PTI, he noted that the housing market has stabilised after witnessing a crazy growth for a couple of years post-COVID pandemic. Pirojsha exuded confidence that the company would easily achieve its Rs 32,500 crore target of sales bookings for this fiscal. The company would also meet the annual guidance in other key metrics -- collection of funds from customers, deliveries of projects, launches and business development (addition of land parcels for future projects), he said. "Housing market as a whole is holding up. Lots of talk about market softening...But what we are seeing continues to be quite strong," Pirojsha said and highlighted the company's strong sales bookings during the last calendar year across all major cities including Mumbai Metropolitan Region
Housing prices are likely to appreciate 5-10 per cent annually over the next few years on better demand, according to a joint report by CII and Colliers. Industry body CII and property consultant Colliers India released a report on Thursday titled 'Real Estate @2047: Building India's Future Growth Corridors' in a conference held here. The report was released by Harleen Kaur, Deputy Secretary, Ministry of Road Transport and Highways. The report projected that annual sales could jump from 3-4 lakh units currently to 10 lakh units by 2047. "Annual sales can potentially double and reach 1 million housing units by 2047, driven by rising income levels, demographic shifts and progressive housing policies. "Furthermore, driven by rising incomes, urban migration, and premium housing demand, average property prices are projected to grow at 5-10 per cent annually over the next few years," it added. Colliers India noted that the growth in sales and prices will be supported by improved ...
India's eight major housing markets saw a nominal one per cent increase in sales during the July-September quarter, Knight Frank said on Tuesday, ruling out any signs of slowdown so far but contending that demand for residential properties might be reaching its peak. Real estate consultant Knight Frank India noted that the sales data for the current festive quarter would present a clear picture. Releasing its report on the Indian real estate market through a webinar, Knight Frank mentioned that housing sales across eight major cities rose 1 per cent annually to 87,603 units during the third quarter of the current 2025 calendar year, sustaining the momentum of high demand being seen post the COVID pandemic. Fall in mortgage rates, high economic growth and tax sops in the budget have helped in maintaining the sales momentum, the consultant said, adding that the impact of the increase in consumer confidence because of GST rates rationalisation from September 22 was yet to be seen in th