🇮🇳 INDIA PROPERTY MARKET - March 10, 2025

1. TOP STORIES:
- The Reserve Bank of India (RBI) has maintained its key lending rate at 4.5%, a move that is expected to sustain the ongoing recovery in the residential property market.

- Mumbai-based real estate firm, Lodha Developers, announced a 12% growth in sales for Q4 2025, with sales reaching INR 2,500 crore. The firm attributes this growth to the demand for luxury residential properties in Mumbai and Pune.

2. MARKET INDICATORS:
- The National Housing Bank's Residex, an index that tracks residential prices across India, reported a 1.5% increase in property prices in the fourth quarter of 2025 compared to the previous quarter.

- Transaction volumes in the residential segment have risen by 10% YoY, according to data from property consultant JLL India.

3. DEVELOPMENT UPDATES:
- Godrej Properties Limited announced the launch of a new residential project in Bangalore. The project, named 'Godrej Eternity', will house 500 units spread over 18 acres.

- Construction progress on DLF Limited's 'The Crest' in Gurgaon is on schedule, with the developer expecting to handover the project by Q2 2026.

4. MARKET SENTIMENT:
- Anuj Puri, Chairman of ANAROCK Property Consultants, expressed optimism about the market's outlook, stating that "the sustained recovery in the residential segment is a positive sign for the overall real estate market."

- However, Knight Frank's Shishir Baijal cautioned that "rising input costs could pose a challenge to the ongoing recovery and may put pressure on property prices."

In a nutshell, the Indian property market seems to be enjoying a bit of a sunbath after a long winter.

Originally posted on LinkedIn