Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Residential property sales across India's top seven cities fell sharply in 2025, declining about 14% year-on-year as higher prices, economic uncertainty, and job cuts impacted buyer sentiment. Around 3.96 lakh homes were sold, compared to 4.6 lakh units in 2024. Despite lower volumes, the total value of homes sold rose 6% to over INR 6 lakh crore, driven by steady demand for premium and luxury housing. MMR and Pune led sales but saw notable declines, while Chennai stood out with 15% growth. New housing launches remained stable, with a growing share of high-value homes. Average prices rose 8%, and unsold inventory edged up slightly.
Residential property sales across India's top seven cities experienced a significant decline in 2025, with transactions dropping by about 14% compared to 2024. ANAROCK Research data shows roughly 3.96 lakh units were sold in 2025, against around 4.6 lakh units sold the previous year. The decline in sales volume was primarily driven by rising property prices, economic uncertainty, and layoffs in key sectors like IT, which affected buyer sentiment. Advertisement
Interestingly, the total value of homes sold increased by about 6%, crossing INR 6 lakh crore. This reflects a continued demand for higher-priced and luxury properties, where fewer units were sold but at larger average ticket sizes.
Among the cities, the Mumbai Metropolitan Region (MMR) recorded the highest sales volume at approximately 1.28 lakh units, though sales were down 18% year-on-year. Pune followed with about 65,135 units, a 20% decline. Together, these two western cities accounted for nearly half of all residential sales in the top seven cities.
Bengaluru saw a modest 5% fall in sales to around 62,205 units, while Delhi-NCR registered about 57,220 units, down 8%. Hyderabad experienced a sharp 23% drop with 44,885 units sold, and Kolkata saw sales fall 12% to 16,125 units. Chennai was the only city to post growth, with sales rising 15% to 22,180 units.
New housing supply remained relatively steady despite slower sales. Total new launches across these cities increased by 2% to 4.19 lakh units, compared with 4.13 lakh units in 2024. MMR and Bengaluru together contributed nearly 48% of the total new supply. MMR added 1.26 lakh new units, mostly priced below INR 1.5 crore, though launches fell 6% compared to the previous year. Bengaluru launched about 74,260 units, up 5%, concentrated in the INR 75 lakh 2.5 crore range. Pune added roughly 67,955 units, up 12%, mostly under INR 1.5 crore, while Delhi-NCR saw 61,775 new units, a 14% increase, with more than half in the luxury segment above INR 2.5 crore. Hyderabad added 43,260 units, down 26%, whereas Chennai and Kolkata recorded strong launch growth of 30% and 31%, respectively.
Overall, about 37% of new supply was priced below INR 75 lakh, 24% fell in the INR 75 lakh 1.5 crore bracket, and homes above INR 2.5 crore made up 21% of the new supply, up from 18% in 2024. Average housing prices across the seven cities rose 8% year-on-year to INR 9,260 per sq ft, compared with INR 8,590 per sq ft earlier. Delhi-NCR recorded the steepest increase at 23%, driven by premium launches, while other cities posted single-digit growth of 49%.
Unsold housing inventory rose 4% to around 5.77 lakh units, with Bengaluru recording the largest increase at 23%. Hyderabad and MMR saw marginal declines in inventory, reflecting more controlled supply in those markets.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
