Housing Sales Drop 14% in 2025 Across 7 Major Cities: Anarock Report
New Delhi, Dec 26 (PTI) Housing sales in India have seen a significant decline of 14% in 2025, with only 395,625 units sold across seven major cities. This drop, primarily attributed to high property prices and layoffs in the IT sector, marks a challenging year for the real estate market. However, the total sales value managed to grow by 6%, reaching over Rs 6 lakh crore, from Rs 5.68 lakh crore in 2024.
The average housing price rose by 8% across the top seven cities, reflecting the ongoing pressure on the market. Anarock, a leading real estate consultancy in the country, released detailed data on India's primary housing markets, shedding light on the trends and challenges faced by the sector.
Housing sales declined in six of the seven major cities, with only Chennai experiencing a 15% increase in demand. The Mumbai Metropolitan Region (MMR) saw a significant 18% drop in sales, with 127,875 units sold in 2025 compared to 155,335 units in 2024. Pune experienced a 20% decline, selling 65,135 units, down from 81,090 units in the previous year.
Bengaluru witnessed a 5% decrease in sales to 62,205 units, from 65,225 units in 2024. Delhi-NCR saw an 8% decline, with 57,220 units sold in 2025, down from 61,900 units in 2024. Hyderabad recorded a 23% drop in residential property sales, with 44,885 units sold in 2025, compared to 58,540 units in the previous year. Kolkata also experienced a 12% decline, with 16,125 units sold in 2025, down from 18,335 units in 2024.
Chennai, the lone bright spot, saw a 15% increase in sales to 22,180 units in 2025, up from 19,220 units in the previous year. Anarock's data highlights the varied performance across different regions, influenced by local economic conditions and market dynamics.
Anarock Chairman Anuj Puri noted that 2025 has been a year of broad-spectrum upheaval, including geopolitical turmoil, IT sector layoffs, tariff tensions, and other economic uncertainties. He added that the average residential price growth rate has tapered down from double digits in previous years to single digits in 2025, reflecting a more stable but challenging market.
Puri also emphasized that the housing sector's performance in 2026 would depend on several key factors, most notably the Reserve Bank of India's (RBI) rate cuts and developers' price controls. These factors will play a crucial role in determining the market's trajectory in the coming year and beyond.
In conclusion, while the 14% decline in housing sales across major cities is a cause for concern, the 6% increase in sales value and the stabilization of price growth offer some positive indicators. The real estate market will need to navigate ongoing economic challenges and adapt to changing consumer preferences to regain momentum in the future.
