He noted that the first half of the year is seasonally weak due to non-auspicious days and heavy rains, which slowed sales. But launches are expected to pick up in the second half. “The absorption at launches has still been healthy… about 50% of the inventory that is put up for sale,” Kumar said, adding that he expects stronger momentum in the coming quarters.
Also Read | Existing housing schemes working well, no fresh festive push expected, says JM Financial Home Loans CEOOn companies, Kumar highlighted Keystone Realtors, which has been adding large redevelopment projects in Mumbai, and Sobha, which has a strong pipeline for the second half of the year with expected pre-sales growth of 30–35%. Godrej Properties is also expected to meet its 2025-26 (FY26) pre-sales target of ₹32,500 crore despite recent stock weakness.
Kumar said developers are also looking at opportunities in real estate for data centres, which he described as “more like an annuity business, where the yields would be somewhere between 9.5% and 10% to start.” Returns on a leveraged basis could be in the 18–25% range, he added.
For the full interview, watch the accompanying video
Catch all the latest updates from the stock market here
