Housing Sales Decline in Major Indian Cities, but Values Rise: CREDAI and CRE Matrix Report
A recent report by CREDAI and CRE Matrix reveals that while housing sales volumes in the top eight Indian cities have decreased by 5%, the value of these sales has increased by 9%, driven by a shift towards premium properties.
Real EstateHousing MarketCredaiCre MatrixPremiumisationReal Estate NewsJul 31, 2025
On Thursday, the real estate industry's apex body, CREDAI, and data analytics firm CRE Matrix, released a comprehensive report on the primary housing markets of India's top eight cities: Bengaluru, Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Kolkata, Chennai, Hyderabad, and Ahmedabad.
According to the data, the housing sales in these eight cities declined by 5% to 2,53,119 units during January-June 2025, from 2,67,219 units in the same period last year. However, the value of these sales increased by 9% to Rs 3,59,373 crore in the first half of 2025, up from Rs 3,30,750 crore in the corresponding period of the preceding year.
Shekhar Patel, National President of CREDAI, highlighted that the demand is clearly moving towards larger, better-located, and more premium homes, reflecting rising aspirations and improved purchasing power. 'We are witnessing a decisive shift in homebuyer preferences across India,' he said.
In Delhi-NCR, despite a 5% decline in sales volume, the housing value grew by 21%, a clear indicator that quality and location are now more important than quantity. 'A 21 per cent growth in NCR's housing value, despite lower volumes, is a clear indicator that quality and location are now more important than quantity,' Patel added.
Abhishek Kiran Gupta, CEO and Co-Founder of CRE Matrix, noted that the Tier 1 housing markets have entered a new phase of value-driven growth. The average ticket size has increased by 14% to Rs 1.42 crore from Rs 1.24 crore during the period under review. 'As data suggests, India's residential real estate story is no longer just about quantity - it's about quality, confidence, and lifestyle,' Gupta said.
The report also showed that Delhi-NCR's market share in value terms has increased to 26% from 23% during the period under review. Shiwang Suraj, founder of Gurugram-based property consultant InfraMantra, noted that Gurugram and Noida markets have dominated the luxury housing sales in Delhi-NCR. 'The region's growing lifestyle aspirations, massive infrastructure development, and demand for bigger homes have led to this surge in luxury housing,' he added.
Bhavesh Kothari, Founder and CEO of Property First Realty LLP, pointed out that the housing market is witnessing a trend of 'premiumisation' across major cities. He noted that Bengaluru's real estate market has grown multifold over the last decade, generating high capital appreciation and rental yields for property owners.
Overall, the report underscores a significant shift in the Indian real estate market, where quality and location are becoming increasingly important factors for homebuyers.
Frequently Asked Questions
What is the main finding of the CREDAI and CRE Matrix report on housing sales?
The main finding is that while housing sales volumes in the top eight Indian cities have decreased by 5%, the value of these sales has increased by 9%, driven by a shift towards premium properties.
Which cities are included in the report?
The report includes Bengaluru, Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Kolkata, Chennai, Hyderabad, and Ahmedabad.
What is the significance of the 21% growth in NCR's housing value?
The 21% growth in NCR's housing value, despite lower volumes, indicates that quality and location are now more important than quantity.
How has the average ticket size for housing sales changed?
The average ticket size for housing sales has increased by 14% to Rs 1.42 crore from Rs 1.24 crore during the period under review.
What trend is observed in the Bengaluru real estate market?
Bengaluru's real estate market has grown multifold over the last decade, generating high capital appreciation and rental yields for property owners, reflecting a trend towards premiumisation.
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