Real Estate Demand Stays Strong as Market Enters Balanced Phase

The Indian residential real estate market continues to show solid performance and demand even after an unusually rapid growth phase following the COVID-19 pandemic. According to Pirojsha Godrej, Executive Chairperson of Godrej Properties, the market has shifted into a more balanced and stable stage, with both sales and home prices continuing to rise in a steady manner across major cities. He noted that talk of a broad market slowdown has not matched what developers are seeing on the ground.

Godrej explained that after a period of very fast growth in prices and volumes, the market now reflects a more sustainable momentum — prices are doing well and buyers are active, but the “crazy” pace of the last couple of years has eased into a healthier rhythm.

His confidence is backed by optimistic sales targets: Godrej Properties expects to meet its ₹32,500-crore sales booking goal for the current fiscal year and achieve other operational targets such as customer collections and project completions.

This resilience extends beyond just primary tier-I cities. Pre-sales in certain tier-II markets — such as housing plots in Panipat — have also been encouraging, showing that demand is broadening beyond traditional urban cores.

At the same time, broader market indicators suggest price momentum remains positive — including strong interest in luxury and premium homes and supportive conditions like stable home loan costs due to unchanged interest rates.

Overall, while the era of explosive post-COVID growth may be over, steady, demand-driven growth is expected to characterise India’s housing market in 2026.