Indian cities' residential market shows signs of peaking

The residential property market in major Indian cities may be peaking, with declining sales reported in Bengaluru and Hyderabad. While home values are rising, there is an increase in unsold inventory and a drop in realty stock performance. Sales and price growth are becoming less uniform across top cities. Hyderabad has seen a decline in units sold and project launches, while Bengaluru also reports a slowdown despite more launches. Average apartment sizes are stabilizing in several cities. Developers are cautious, anticipating a strong January-March quarter for new launches. However, delayed launches and mixed performance have raised concerns. Analysts expect a gradual decline in sales and slower price growth in the future.