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2w ago

Q2 Housing Launches and Sales Slide in India as High-End Projects Take Half of Supply

Developers shift to projects above Rs 1.5 crore, driving average metro prices higher despite falling unit sales

Housing sales in Bengaluru fell by 8% year-on-year in Q2 2025, dropping to 15,100 units from 16,350 units in the same period last year, even as average property prices surged by 12%. (Representational Image)
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Overview

  • New home launches fell 16% year-on-year to about 98,600 units in Q2 2025 as developers pulled back supply.
  • Housing sales in the top seven cities dropped 20% to 96,300 units compared with the same quarter last year.
  • Nearly 50% of new residential projects were priced above Rs 1.5 crore, while affordable offerings under Rs 40 lakh shrank to just 12%.
  • Total transaction value in Q2 climbed 1% year-on-year to Rs 1.47 lakh crore amid an 11% rise in average property prices.
  • Chennai bucked the national trend with a 13% annual increase in home sales, whereas Mumbai, Pune, Hyderabad and Kolkata all saw double-digit declines.