India, July 8 -- The Indian real estate market continues to expand, with the current upcycle in the residential segment yet to peak. Homeownership in India remains within reach, unlike in Europe and the US, where high prices and steep interest rates make it difficult to save for a deposit. As a result, younger generations in those markets often rent out of necessity rather than choice, said Gustavo Favaron, CEO and managing partner of the GRI Institute, in an interaction with HT.com

While he does not "see clouds on the horizon yet", developers must still do their homework and not assume everything will sell just because the market is strong, he said.

"The Indian real estate market is still expanding, and the uptick cycle of Indian resid...