Overview
- Regional performance diverged, with Mumbai Metropolitan Region selling about 127,875 homes (down 18%) and Pune about 65,135 (down 20%), while Chennai was the lone gainer with sales up 15% to roughly 22,180 units.
- Average prices across the top seven cities rose about 8% to around ₹9,260 per sq ft, led by a 23% jump in Delhi‑NCR tied to a larger share of higher‑priced launches.
- Premium under‑construction homes saw the sharpest gains, with prices up to 36% year on year, led by Noida, Mumbai up 20–30%, Gurugram up 2–19% and Bengaluru up 13–15%, according to Savills India.
- New supply stayed near 4.19 lakh units as developers tilted upmarket, with more than 21% of launches priced above ₹2.5 crore and NCR showing the heaviest premium skew.
- Unsold inventory inched up about 4% to roughly 5.77 lakh units, with Bengaluru posting a 23% rise, as brokerages frame the market as mid‑cycle and expect selective recovery dependent on cheaper mortgages and disciplined supply.