Statistically, while Q3 shows a mixed outlook in India with a dip in sales and new launches especially in South, this is primarily due to inventory constraints and not a result of reducing demand.
Bengaluru, for example, continues to display strong fundamentals with a 9% year-on-year growth in housing absorption and the lowest inventory overhang among major cities at just 7-8 months. Long-term demand remains robust, driven by increasing affordability and young professionals.
As supply adjusts, the numbers will catch up in the coming quarters. Sales fluctuations are natural, particularly given the larger base and seasonal factors, but the market is far from slowing down.
