The moderation in government spending is expected to slightly temper economic growth momentum during the quarter, although overall activity remains supported by festive demand and state-level capex expansion, data compiled by ICRA showed.
Giving the granular forecast of sales growth across categories, ICRA said that passenger vehicle (PV) volumes are estimated to grow by 4-6 percent year on year in 2026-27, supported by sustained demand momentum.
Hyderabad’s office market is entering its next growth phase, backed by steady leasing demand, improving vacancy trends, and consistent rental appreciation, according to ICRA... ICRA expects market fundamentals to remain stable even as new supply enters.