Residential real estate sales to grow 8-10% in FY24, says CRISIL Ratings

The study included 11 large and listed, and 76 small and mid-sized residential developers

Buoyant residential demand has resulted in robust sales growth in the past two fiscals

[{"selector":"#anim-e13873a4-2512-420b-8294-347d35ea2d43 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.499999772451451%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

The residential real estate sector across the top six cities of India

Mumbai, Delhi NCR, Bengaluru, Pune, Kolkata, and Hyderabad — is expected to clock 8-10 per cent sales growth this fiscal year

[{"selector":"#anim-44d3eaaa-1dc8-40a9-91be-6e3bc6c435b5","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":2000,"easing":"ease-in-out","fill":"both","iterations":1}] Cart Bag View More

The growth is expected to be driven by 4-6% volume growth and 3-5% increase in capital values.

Buoyant residential demand across the mid, premium and luxury segments had resulted in robust sales growth in the past two financial years, the ratings agency said.