Overview
- Knight Frank’s H2 2025 report pegs primary-market sales at 3.48 lakh homes in 2025, a 1% year-on-year decline after a multi-year surge.
- Average prices rose broadly, led by Delhi-NCR up 19% to ₹6,028 per sq ft, with Bengaluru up 12%, Hyderabad up 13%, and Mumbai up 7%.
- Homes priced above ₹1 crore formed roughly half of all sales at 175,091 units, up 14% year on year, reflecting a shift to higher-value launches.
- The sub-₹50 lakh bracket shrank 17% to 73,694 units for a 21% share, while ₹50 lakh–₹1 crore volumes eased 8%, signaling polarized demand.
- Market health stayed stable with a quarters-to-sell ratio near 5.8, as supportive financing conditions and growth offset higher construction and land costs; city sales diverged, from Mumbai’s 97,188 units (+1%) to Delhi-NCR’s 52,452 (−9%) and Chennai’s 18,262 (+12%).