Large residential realtors are expected to log double-digit growth next fiscal year, driven by strong momentum in sales and a buyer preference for larger homes as the hybrid working model continues.

Listed residential realtors like Godrej Properties, Prestige Estates, Puravankara, Shriram Properties and Tata Realty are expected to clock sales growth of 25% on-year in FY23 and 10-15% on the high base in FY24.

This is despite the moderation in affordability due to rising interest rates, according to a Crisil Ratings study of 11 large listed residential developers.