Samantak Das, Chief Economist and Head of Research at JLL, said home prices in India’s major cities are expected to plateau in the near term after three years of steady appreciation, providing some respite to buyers.

He noted that housing prices have already risen sharply in recent years and are now likely to stabilise.

He noted that interest rates have remained affordable over the last few quarters, creating a conducive environment for both end-users and investors.

He noted that land prices have risen sharply in recent years, while construction costs have increased by about 5–10%. With project economics becoming tighter, developers are showing restraint, leading to a plateau in new launches and a more selective approach toward upcoming projects.

Developers are now exercising caution i

See Full Page