Bumper launches in FY26, but caution on home prices

Developers gear up for big residential launches, and are confident demand will stay robust.

- Madhurima Nandy

Real estate developers have a bumper launch pipeline in 2025-26, as they enter new micro-markets, cities and even international markets. Housing sales and project launches have been sluggish in recent quarters, yet property firms are confident that overall demand remains strong for project launches.

If the sluggishness in sales can be attributed to rising property prices over the last 3-4 years, the main factor behind slower launches in FY25 was approval delays.

From luxury to mid-income, plotted developments to townships, most developers have a diversified profile of projects that are waiting to launch.

Chennai-based Casagrand is gearing up to launch residential projects on four land parcels in cities such as Bengaluru and its home market. This year, it will also launch its first project in Dubai, making its entry into an international market.

"We will launch projects with a gross development value of ₹15,000-18,000 crore. In FY25, because of approval delays, we could only launch projects worth ₹8,000-9,000 crore GDV," said Arun Mn, founder and managing director Casagrand.

He said there is a slight flattening in sales but nothing too stark or worrying. "We are a long-term player," Mn said.