Housing Sales Value to Moderate to Four–Six Per Cent in FY27

08 Apr 2026 CW Team

Crisil expects housing sales value growth to moderate to four–six per cent in fiscal year 2027 as average selling price growth and demand flatten. The ratings firm noted a strong post?pandemic surge with a compound annual growth rate of 26 per cent from FY22 to FY25.

Sales value was Rs 4.6 trillion (tn) in FY25 and is estimated at Rs 4.8–5 tn in FY26 and Rs 5.1–5.3 tn in FY27. The FY27 outcome reflects a three–five per cent price rise and zero–two per cent demand growth, resulting from both pricing and supply dynamics.

Average selling price growth is expected to ease to three–five per cent in FY27 after an 11 per cent CAGR from FY22 to FY25 and a seven–nine per cent increase in FY26. Inventory is likely to rise to three point two–three point four years from under three years, and approval issues are easing in Pune and the Mumbai Metropolitan Region while Bengaluru remains to be watched. This will set a higher base for future comparisons and could limit upside in volumes.

Premium and luxury housing is set to account for 38–40 per cent of launches in FY27, up from 12 per cent in FY22, as buyers seek larger units and amenities. Healthy collections aligned with construction progress have supported steady operating performance and reduced developers' reliance on external debt, and the segment yields higher realisations and gross margins, bolstering sales and collections.

Crisil projects cash flow from operations to grow 15–17 per cent in FY27, supported by collections growth of 22–24 per cent among a study of 33 developers, and expects debt?to?CFO to be 1.1–1.3 times. These metrics should support developers' credit profiles despite lower sales growth, but the firm warned that weaker demand, aggressive launches and global geopolitical uncertainty that could spur inflationary pressures are risks to watch.

Infrastructure Urban

09 Jun 2026

Cabinet Approves Two Year Scheme To Replace Old Trucks And Buses

The Union Cabinet, chaired by the Prime Minister, approved a two-year scheme to reduce air pollution in the Delhi–NCR region and promote cleaner mobility. The programme will be funded through the National Capital Region Planning Board under the Ministry of Housing and Urban Affairs and implemented by the Ministry of Road Transport and Highways and the Ministry of Petroleum and Natural Gas, with participating States and Union Territories of Delhi, Haryana, Rajasthan and Uttar Pradesh. The total financial outlay has been set at Rs 95.85 billion (bn), with the Central Government contributing Rs..

Bengaluru Suburban Rail And Metro To Share 500-Metre Corridor

Bengaluru suburban rail and the Metro will share a 500-metre corridor at Benniganahalli, a decision that planners say will reduce capital expenditure and urban disruption. The consolidation of alignments across the short stretch is intended to avoid duplication of elevated structures and station facilities while cutting land acquisition needs. Authorities put the maximum savings at Rs 1.69 bn (1,690 mn). The arrangement also aims to streamline construction interfaces between the two systems. The shared corridor will require coordinated design of track beds, piers and passenger access so that s..

DRDO And IAF Complete Successful RudraM-II Flight Tests

The Defence Research and Development Organisation (DRDO) and the Indian Air Force (IAF) have conducted successful flight tests of the RudraM-II air-to-surface missile from an airborne platform. The trials were carried out under extreme release conditions with a critical trajectory that established the capability of all subsystems. The series of releases tested the missile's guidance, seeker and propulsion elements in an operationally representative environment. The missiles, released from the aircraft, were guided to a predefined target with pinpoint accuracy and all test objectives were fully..