New Delhi, March 24 -- Housing sales in India are expected to remain soft in the coming months unless developers reduce their focus on the luxury segment and reorient towards mid-income and premium housing, according to a report by Nuvama Institutional Equities.

The report stated that developers need to improve affordability by keeping prices and ticket sizes under control to support demand.

"We argue housing volumes would remain soft until developers, reduce focus on luxury segment and reorient towards mid-income/premium segment and focus on improving affordability by keeping prices/ticket size restricted," the report noted.

It added that realty stocks have corrected after the first half of CY24, in line with falling volumes, despite ...