New Delhi, Aug. 1 -- The post-pandemic boom in India's residential real estate appears to be moderating, as steep prices prompt customers to defer purchases.

This is perhaps evident in Godrej Properties Ltd (GPL) that clocked sales bookings worth Rs.7,082 crore for the April-June period, 18% lower from a year ago, due to a record-high sales base last year and fewer project launches in first quarter of the ongoing fiscal year.

"After the euphoric growth in a real estate cycle, the housing sector is entering a phase that will see steady pricing and sales growth instead of a sharp spike. Demand still remains strong, and Godrej Properties remains the fastest growing real estate company," Pirojsha Godrej, executive chairperson of Godrej Prop...