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India's economy registered a 7.8 per cent expansion in the April-June quarter, the fastest in five quarters, supported by agriculture and services including trade, hotels, finance, and real estate. Realtors' associations CREDAI and NAREDCO expressed optimism that the robust growth would strengthen consumer and investor sentiment, stimulating demand for residential and commercial properties. Both bodies also emphasised that upcoming GST reforms and the festive season would add further momentum to the property market.
Realtors' associations CREDAI and NAREDCO remarked that India's strong economic performance in the April-June quarter would provide a significant boost to consumer confidence and property demand. According to the recently released government data, the economy expanded by 7.8 per cent, marking its fastest pace of growth in the past five quarters. This surge was attributed mainly to a strong performance by the agricultural sector and support from services such as trade, hotels, finance, and real estate. Advertisement
CREDAI National President Shekhar Patel observed that the robust GDP growth highlighted the resilience and potential of the economy. He noted that such momentum was encouraging for the real estate sector and was expected to lift both investor and consumer confidence. Patel further indicated that the industry was anticipating the proposed GST reforms, which were expected to further spur demand.
NAREDCO President G Hari Babu added that the strong economic growth was favourable for real estate and was likely to accelerate demand, particularly with the festive season approaching. Industry experts pointed out that while housing sales rose sharply between 2022 and 2024, demand had slowed during the first half of 2025 due to a sharp post-pandemic rise in prices.
Despite this temporary cooling, India has maintained its position as the fastest-growing major economy, outperforming China's GDP growth of 5.2 per cent during the same April-June period. The country had earlier recorded a GDP growth of 8.4 per cent in the January-March 2024 quarter.
With CREDAI and NAREDCO highlighting the role of GST reforms and festive season sentiment, the sector appears set to benefit from improved confidence among both homebuyers and investors. Sustained economic expansion and policy support are expected to strengthen housing and commercial property demand over the coming quarters.
Source- PTI
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