The residential real estate market in India continues to experience robust demand, particularly for larger and luxury housing units across the country. Over the past few years, sales have kept pace with new project launches, leaving very limited inventory in the high-end and luxury segments.
In fact, there's a noticeable supply shortage in the luxury and ultra-luxury segments due to high demand and fewer project launches at premium locations by renowned developers in recent years.
We expect this trend to continue, with only a limited number of new launches anticipated in the NCR and across the country during the upcoming festive season. As demand significantly outstrips the supply in the pipeline, we foresee a further upward price movement in these segments, reflecting the market's strong momentum.