2025 Real Estate Market: A Golden Opportunity for First-Time Buyers
India's real estate market in 2025 is experiencing a mixed trend, with home sales declining in top cities. However, experts believe it's the perfect time for first-time buyers and long-term investors due to favorable conditions.
Real EstateFirsttime BuyersInvestmentProperty MarketMumbaiReal Estate NewsJun 30, 2025
According to ANAROCK Research, the top seven cities in India recorded around 1,89,570 housing units sold in the first half of 2025, a sharp decline from 2,78,220 units in the first half of 2024, marking a 32% drop. The Mumbai Metropolitan Region (MMR), one of India’s largest real estate markets, saw 62,890 units sold between January and June 2025, compared to 84,465 units during the same period last year — a 34% decline.
Despite this, property registrations in Mumbai reached an all-time high of 75,672 in H1 2025, up 4% YoY. Revenue collection from stamp duty also hit a record ₹6,699 crore, reflecting a 14% annual increase. In June alone, 11,211 properties were registered, generating ₹1,004 crore, making it the second-highest collection for any June since 2019.
Jason Samuel, Director at House of Swamiraj, said the current phase is “opportunity-rich,” especially for proactive buyers. “Thanks to recent RBI repo rate cuts, sustained infrastructure momentum, and stable post-COVID demand, affordability has improved — particularly in metro-adjacent growth pockets like Thane, Kalyan, and Ambernath,” he said. Enquiries in these regions rose over 20% in the past quarter, with buyers seeking hybrid living and long-term lifestyle value.
Abhishek Tharwani, Director of Tharwani Realty, echoed this sentiment. “This is an opportune time for first-time buyers. With interest rates softening and developers offering attractive schemes, markets like Badlapur, Kalyan, Ambernath, and Navi Mumbai are gaining traction due to connectivity and realistic pricing,” he told CNBC-TV18.
The RBI’s cumulative 100 bps rate cut this year has improved loan affordability, bringing EMI-to-income ratios in Mumbai down to around 48%, the most accessible since the pandemic. Aksha Kamboj, Executive Chairperson of Aspect Global Ventures, noted that while luxury inventory is piling up — up 36% in Q1 2025 — mid-income and affordable segments remain seller-driven. “First-time buyers can negotiate price cuts of 5-7% in key mid-market locations,” she said.
Investor sentiment, which was cautious in 2024 due to inflation and global uncertainties, is stabilizing. “Domestic investors are reallocating towards compact, high-yield projects and redevelopment zones,” Kamboj added.
In Bengaluru, Pavan Kumar, Founder and CEO of White Lotus Group, said the luxury segment continues to see strong demand, especially in areas like Hebbal, which accounted for 22% of all ₹10 crore-plus home sales in FY25. He believes buyer behavior is shifting from speculation to intentional, value-driven choices. “Buyers today want homes with design integrity and emotional relevance. In Bengaluru, the right opportunities are few — and quickly claimed,” Kumar said.
Similarly, Ashish Bhutani, CEO of Bhutani Infra, said while it’s not yet a full-fledged buyer’s market, the trend is clearly shifting. “There’s greater transparency and disciplined supply. Developers are offering more choices and payment plans. This makes now a smart time to invest, especially for long-term goals,” he said.
According to data from Maharashtra’s Department of Registrations, the average ticket size in Mumbai was ₹1.60 crore in H1 2025, the highest in recent years. High-value properties appear to be driving transaction volumes, even as overall sales volumes decline.
Frequently Asked Questions
What is the current trend in home sales in India's top cities?
Home sales in the top seven cities in India declined by 32% year-on-year (YoY) in the first half of 2025. However, property registrations in Mumbai reached an all-time high, indicating a mixed trend.
Why is now considered a good time for first-time buyers and long-term investors?
The combination of softer interest rates, strong infrastructure push, and improved affordability in metro-adjacent areas like Thane, Kalyan, and Ambernath makes it a favorable time for first-time buyers and long-term investors.
How have interest rates affected the real estate market in Mumbai?
The RBI’s cumulative 100 bps rate cut this year has improved loan affordability, bringing EMI-to-income ratios in Mumbai down to around 48%, the most accessible since the pandemic.
What is the trend in luxury property sales in Bengaluru?
The luxury segment in Bengaluru continues to see strong demand, especially in areas like Hebbal, which accounted for 22% of all ₹10 crore-plus home sales in FY25.
What are the key factors influencing buyer behavior in the current market?
Buyer behavior is shifting from speculation to intentional, value-driven choices. Buyers are now looking for homes with design integrity and emotional relevance, particularly in areas with strong connectivity and realistic pricing.
Related News Articles
Mumbai and New Delhi Shine in Global Property Price Index, Ranking 2nd and 3rd Respectively
Mumbai and New Delhi have emerged as the top performers in the global property price index, with Mumbai ranking 2nd and New Delhi ranking 3rd in terms of annual price rise in prime residential properties.
Pune, Delhi-NCR Lead with 3 Lakh Homes Worth ₹4.26 Lakh Crore Sold in Jan-Sep
In the first three quarters of the year, Pune and Delhi-NCR have emerged as the top performers in the residential real estate market, with about 3 lakh homes worth ₹4.26 lakh crore sold. These regions have seen a significant boost in property sales, accor
Indian Real Estate Developers Raise Rs 12,801 Crore via QIP in First Nine Months of 2024
Mumbai, Oct 28 2024 - Indian real estate developers raised Rs 12,801 crore through qualified institutional placements (QIPs) in the first nine months of this year, accounting for over 17% of the total QIP issuance across sectors. This surge highlights the
NCR Real Estate Surges by 56% in Average Home Prices During H1 FY2025
The shift towards luxury real estate is evident as NCR witnesses a 56% surge in the average ticket size of homes in the first half of FY2025. This trend highlights the growing preference for premium properties among buyers. Explore the growth in Pune, Hyd
Vibha Shanghvi Acquires Two Luxury Apartments in Mumbai's Worli for ₹135 Crore
Vibha Shanghvi, wife of Sun Pharma's CMD Dilip Shanghvi, has purchased two luxury apartments in Worli, Mumbai, for a total of ₹135 crore. The apartments are part of the Naman Xana project on the Worli Sea Face.
Bigdome Infra Secures Massive Land Deal in Kalyan-Dombivli for Rs 129.86 Crore
Bigdome Infra, a newly established real estate company in Maharashtra, has made a significant move by acquiring a large parcel of land in Kalyan-Dombivli for Rs 129.86 crore. This acquisition marks a major milestone in the company's growth and expansion p