India's housing demand expected to rise this year

Housing demand in India is expected to increase due to recent tax incentives and a repo rate cut, according to CREDAI President Boman Irani. He noted that overall demand remains strong, despite potential short-term fluctuations in some markets. Irani highlighted that the government's focus on infrastructure is creating new opportunities in real estate. He stated that property registration in Mumbai remained stable, indicating sustained demand in the housing market. Regarding housing prices, Irani predicted they would rise more than the inflation rate this year, driven by reduced supply. He emphasized the importance of project execution speed and the adoption of new technologies to enhance profit margins for developers.