India's Housing Market Cools as Demand Slows and Supply Increases

India's housing market is experiencing a cooling trend after a period of strong demand, with a nearly 9% drop in demand and a 3% rise in supply in the last quarter. While prices are still increasing, the pace has slowed significantly, offering potential buyers more negotiation room. This moderation is attributed to seasonal spending, interest rate uncertainty, and affordability concerns, leading many to adopt a wait-and-watch approach. Developers continue to launch new projects, particularly in mid- and upper-mid segments, across cities like Delhi-NCR, Mumbai, and Hyderabad.