Housing sales drop 14%, value jumps 6% YoY: study

Housing sales in the top 7 cities of India witnessed a 14% decline in 2025, with about 3,95,625 units sold in the year against 4,59,645 units in 2024 according to ANAROCK Research data. However, the overall sales value of housing units saw a 6% yearly jump - from about ₹5.68 lakh crore 2024 to over ₹6 lakh crore in 2025. Mumbai Metropolitan Region (MMR) witnessed the highest sales of about 1,27,875 units, registering an 18% yearly decline. Pune followed with about 65,135 units sold, declining by 20% Year on Year (YoY). The two western markets together led residential sales in 2025, comprising a 49% overall share, ANAROCK data shows. New launches in the top 7 cities saw a 2% annual increase - from about 4,12,520 units in 2024 to about 4,19,170 units in 2025. MMR and Bengaluru saw the maximum new launches, together accounting for an almost 48% of the new supply in the year. “2025 has been a year of broad-spectrum upheaval including geopolitical turmoil, layoffs in the IT sector, tariff tensions and other uncertainties,” said Anuj Puri, Chairman, ANAROCK Group. “The year’s trend was of sale volumes stabilizing at around 4 lakh units across the top 7 cities, but growth in overall sales value. Our data shows that more than 21% of the new supply was launched in the above ₹2.5 crore price bracket,” he said. “Interestingly, the average residential price growth rate has tapered down from double digits in previous years to single digits in 2025,” Mr Puri said. “Prices in the top 7 cities collectively rose 8% annually, and only NCR saw double-digit growth at 23% - largely due to a higher new supply of pricier homes. Out of NCR’s total new supply of 61,775 units during the year, over 55% was priced over ₹2.5 crore” he added. “The sector’s performance in 2026 hinges on several key factors, most notably rate cuts by the RBI and price control by developers. Amid the currently favourable economic outlook, further repo rate cuts leading to lower home loan interest rates can cause demand to revive significantly,” he pointed out. The share of new supply of homes priced ₹2.5 crore in the top 7 cities was a significant 21% in 2025, against 18% in 2024. There is every reason to expect this trend to endure in 2026 as well, the firm said. MMR, Pune, Bengaluru, Hyderabad, and NCR, together accounted for 90% of overall sales in 2025 across the top 7 cities. Hyderabad saw about 44,885 units sold in 2025 - a significant 23% decline over 2024. Chennai is the only city to witness a jump of 15% in sales in 2025 - about 22,180 units were sold. The top 7 cities saw approx. 4,19,170 new units launched in 2025, against 4,12,520 units in 2024 - a 2% annual increase. The key cities contributing to new supply during the year were MMR, Pune, Bengaluru, and NCR, which together accounted for 79% of the total new unit additions. About 87% of...

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