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Crisil: FY27 Housing Sales Growth to Slow to 4-6% Amid High Prices

NEW DELHI: Crisil Ratings predicts that residential real estate sales growth will moderate to 4–6% in FY27, following a robust post-pandemic surge, as rising property prices affect demand. After achieving a compound annual growth rate of 26% in sales value from FY22 to FY25, growth is projected to slow to 5-7% for FY26. Gautam Shahi, director at Crisil, remarked, “The ongoing rise in housing prices is likely to lead to stagnant demand growth of 0–2% in FY27, despite supply continuing to outpace demand.” Inventory levels are anticipated to increase to 3.2–3.4 years in FY27, compared to under three years in…

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Crisil: REIT Gross Asset Value to Surge 35-40% This Fiscal

NEW DELHI: According to Crisil Ratings, the gross asset value (GAV) of domestic real estate investment trusts (REITs) is projected to rise by 35-40% by the end of fiscal 2027, up from September 2025, driven by new asset additions and the introduction of another REIT. Stable rental income growth, along with diversification and regulated leverage, will support steady credit profiles. REITs generally grow their asset base either through the development of new projects—limited to 20% by regulations—or by acquiring existing operational assets. Gautam Shahi, director of the firm, stated, “Currently, under-construction assets make up just 5% of total GAV for…