Home prices across the top six cities are set to jump 6 – 10% this fiscal and 3 – 5% in the next financial year because of a steep rise in raw material, labour and land costs, and relatively favourable demand-supply dynamics, as per a report.

 

The report by Crisil also said large residential realtors are on course to log a robust 25% sales growth in 2022-23 and 10-15% in the next fiscal. The unsold inventory level is down to 2.5 years from four years pre-pandemic it added.

 

The agency expects residential prices to rise a further 3 – 5% in next fiscal across the top six cities due to the steep increase in raw material, labour and land cost.

 

Source: Press Trust of India