Home Sales Dip 7% from Peak as Construction Lags New Launches: Liases Foras

• India's residential property market sees a 7% drop in home sales from its peak early last year.
• New project launches outpace actual construction, creating structural stress for developers.
• Slower construction delays revenue recognition and increases interest and project costs.
• Demand remains skewed towards premium housing, keeping market value stable despite lower transaction volumes.
• Unsold inventory varies significantly, with Mumbai Metropolitan Region having 300,000 units and Delhi-NCR 60,000-67,000 units.

Why It Matters: Residential home sales are down due to construction delays, but prices remain stable with luxury demand.