India, July 1 -- Residential real estate developers are expected to see stable sales growth this fiscal and the next, as demand normalizes after three years of strong post-pandemic recovery. According to an analysis by Crisil, sales volumes are projected to grow by 5-7%, while average prices are likely to rise by 4-6%.

The trend of premiumisation is expected to continue, with the luxury segment accounting for nearly 40% of total launches in calendar years 2025 and 2026, it said.

As growth in this segment stabilizes, price appreciation is also expected to moderate, with average prices projected to grow steadily at 4-6% over the medium term following the double-digit increases recorded in the past two fiscals, it noted.

In contrast, thea...