India's residential property market delivered one of its strongest first-half performances in over a decade, with home sales staying near record highs even as growth stabilised. Knight Frank India says premium housing is now driving the market, while affordable homes continue to shrink. Mumbai led sales, Bengaluru posted the fastest growth and NCR remained the weakest market.

New supply at lower price points remains constrained, resulting in a fall in sales of affordable and mid-income homes: Knight Frank

This article is authored by Debopam Chaudhuri, chief economist, Piramal Group.

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