New Delhi: Housing demand and prices are likely to moderate this fiscal on a high-base effect with sa- les expected to rise 8-10% and rates by around 5% annually, India Ra- tings and Research (Ind-Ra) said on Tuesday. The rating agency has maintained a neutral outlook for the residential real estate sector for the 2024-25 fiscal.

“Absorption and prices are likely to be supported by affor- dability and stability of interest rates. However, given the high base of FY24, the growth rates are likely to taper down,” Ind-Ra said in a statement.

The residential real estate market registered a strong performance during the first nine months of the 2023-24 fiscal where the sales growth exceeded 25% year-on-year for or the top eight real estate clusters despite price increases and sticky interest rates.

Source- The Economic Times