Indian real estate mkt to jump manifold by 2047, to touch $10 trn: Report

Housing demand in Indian real estate market continues to be strong with no signs of slowdown and there is a need to boost supply to meet the requirements, according to realtors' apex body CREDAI.

The association said that housing sales in any particular quarter could fall due to lesser number of launches, but consumer demand that has surged post COVID pandemic remains intact.

CREDAI is holding its flagship conference 'CREDAI NATCON' here during September 23-26 being attended by more than 1,100 delegates.

When asked about estimated fall in sales during the current quarter, CREDAI National Chairman Manoj Gaur said the new launches have been lower in the September quarter.

"There is no inventory. There is a huge demand for residential properties from good developers at right locations and attractive prices," Gaur told reporters here.

He was replying to a query about PropEquity latest data which estimates 18 per cent fall in sales across nine major cities to 1,04,393 units during ...