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India Housing 2025: Sales Fall 14% as Premium Shift Lifts Value Past ₹6 Lakh Crore

Consultants say 2026 demand hinges on RBI rate cuts, plus disciplined pricing.

Overview

  • ANAROCK reports 3.95 lakh homes sold across the top seven cities in 2025, a 14% drop by volume, even as total transaction value rose 6% to over ₹6 lakh crore.
  • Average prices increased about 8% across major markets, with Delhi‑NCR up 23%, reflecting a larger tilt toward higher‑ticket projects and pricier launches.
  • Premium supply gained share as more than 21% of new launches were priced above ₹2.5 crore, including over 55% of NCR’s new supply in that bracket.
  • Regional trends diverged: MMR posted the most sales at about 1,27,875 units but fell 18% year‑on‑year, Pune declined 20% and Hyderabad 23%, while Chennai grew 15%.
  • Inventory and pricing signals remain mixed as unsold stock edged up roughly 4% to about 5.77 lakh units and Savills tracked up to 36% annual price gains in premium under‑construction segments.