Fresh opportunities due to moderate reality prices

The residential real estate market, which saw a strong surge after the COVID pandemic, is now entering a phase of stabilization.

CRISIL has also projected that in 2026–27, the rate of increase in residential property prices will slow down to around 3% to 5%, compared to the robust annual growth of 11% recorded between 2021–22 and 2024–25. The enthusiasm seen in 2023 and early 2024 is no longer visible.

Construction costs have increased due to the ongoing conflict in West Asia. Rising property prices have impacted buyers’ affordability, leading to a slowdown in transaction activity. According to Anarock Group, layoffs and job uncertainties have increased due to the war in West Asia and broader global concerns. As a result, many buyers are postponing their purchase plans.

The moderation in price growth is creating opportunities for buyers. While large developers are not offering significant discounts, they are providing flexible payment options. On the other hand, smaller developers with higher inventory are open to negotiations and bargaining.

Experts suggest that significant opportunities are emerging in the secondary markets of the top 7 cities. Buyers seeking better deals may consider smaller developers, provided they have a good construction track record.

Additionally, limited-period flexible payment plans offered by some large developers can help improve affordability for certain buyers. Although developers are unlikely to publicly reduce prices, there is still room for negotiation behind the scenes.

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