India's Housing Market: Fewer Sales, Higher Earnings in 2025
India’s top seven cities recorded fewer home sales in 2025, but the total value of these deals reached over ₹6 lakh crore, according to ANAROCK. This shows that even though fewer houses were sold, property prices remained strong. Higher-priced and premium homes drove overall sales value up. The trend reflects steady demand in the real estate market despite slower sales numbers.
Around 3.95 lakh homes were sold in 2025, compared to 4.6 lakh in 2024. However, rising property prices pushed the total deal value up by 6% year-on-year. This means that even with fewer sales, the overall money made from home deals increased. The trend shows strong prices and steady demand in the housing market.
The Mumbai Metropolitan Region (MMR) led the housing market in 2025 with 1.28 lakh units sold, followed by Pune. Chennai stood out among major cities with a 15% rise in annual home sales. While most cities saw slower activity, Chennai’s growth showed strong local demand. The city’s steady market made it a bright spot in India’s housing sector.
New housing launches went up by 2% year-on-year to 4.19 lakh units in 2025. This increase shows that developers remain confident about future demand. Even though sales slowed slightly, builders continued to roll out new projects. The steady launch activity highlights optimism in India’s real estate sector.
Together, MMR and Bengaluru accounted for 48% of all new housing launches in 2025. In contrast, the Mumbai Metropolitan Region and Hyderabad saw a drop in new project supply. This shows that growth was concentrated in select cities while others slowed down. The shift highlights changing dynamics in India’s real estate development.
About 37% of new homes launched in 2025 were priced below ₹75 lakh, showing steady demand in the mid-income segment. Meanwhile, premium homes costing over ₹2.5 crore formed 21% of total launches. This points to growing interest in luxury housing. The mix shows that both affordable and high-end segments remained active in the market.
Unsold housing inventory rose by 4% year-on-year in 2025, but prices continued to climb across major cities. Average residential prices went up by 8%, reflecting steady demand. Delhi-NCR saw the sharpest jump, with prices surging 23% during the year. The rise shows strong buyer interest despite a slight increase in unsold stock.
The year 2025 marked a significant shift in India's housing market, with fewer buyers but larger ticket sizes. This trend suggests that the market is entering a new phase characterized by higher property values and selective demand. Developers and buyers alike will need to adapt to these changing dynamics to navigate the future of the real estate sector.
