Industry Research - Housing Prices Stay Fairly Flat At 2.7%, Growth To Be In Same Range In FY22: CARE Ratings

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CARE Ratings Research Report

Housing prices appeared to be recovering in Q4 of FY21 as the economy emerged gradually from the pandemic.

Growth of 2.7% in the Reserve Bank of India House Price Index looked like a stepping-stone in the upward direction as it rose from 1.1% in Q2 to 2.2% in Q3 of the year.

However, the second wave that has come in April has disrupted the sector as it has affected livelihoods and spending power as well as diverted attention to health for majority of households.

While there can be some pent-up demand emerging during the year, the impact on prices in FY22 would tend to be moderated.

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