Home sales in India's top seven cities fall 14 pc in 2025; only Chennai registers rise
Anarock data show sales value rose to over Rs 6 lakh crore despite volume decline, as high property prices and IT sector layoffs dampened demand
Housing sales declined 14 per cent in 2025 to nearly 3.96 lakh units across seven major cities in India, mainly due to high prices and poor demand following layoffs in the IT sector, but rose six per cent in value terms to over Rs 6 lakh crore, according to Anarock, a leading real-estate consultant.
The average housing price rose by eight per cent in the top seven cities.
Trends in seven major cities
On Friday (December 26), Anarock released data on India's seven major primary housing markets.
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Housing sales in the top seven cities witnessed a 14 per cent decline in the outgoing year to 3,95,625 units, from 4,59,645 units in the preceding year, the consultant said, attributing the fall to hardening property prices, layoffs in the IT sector, geopolitical tensions and other economic uncertainties.
Sales declined in six cities
Sales declined in six major cities, Mumbai Metropolitan Region (MMR), Delhi-NCR, Bengaluru, Pune, Kolkata and Hyderabad, while the demand rose only in Chennai. Sales in Chennai grew 15 per cent to 22,180 units in 2025, from 19,220 units in the previous year.
Anarock, however, noted that the total sales value grew six per cent to over Rs 6 lakh crore this year from Rs 5.68 lakh crore in 2024.
"2025 has been a year of broad-spectrum upheaval, including geopolitical turmoil, layoffs in the IT sector, tariff tensions and other uncertainties," Anarock Chairman Anuj Puri said.
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As per the data, housing sales in MMR fell 18 per cent to 1,27,875 units this year, from 1,55,335 units in 2024. Pune saw a 20 per cent decline in sales to 65,135 units from 81,090 units, while Bengaluru witnessed a five per cent decline to 62,205 units from 65,225 units.
Housing sales in Delhi-NCR dipped eight per cent to 57,220 units from 61,900 units. In Hyderabad, the sales of residential properties fell 23 per cent to 44,885 units, from 58,540 units.
Kolkata recorded sales of 16,125 units in 2025, a 12 per cent decline from 18,335 units in the previous year.
Trends in housing prices
On housing prices, Anarock said that it grew eight per cent to Rs 9,260 per sq ft at the end of this quarter, from Rs 8,590 per sq ft at the end of last year.
"Interestingly, the average residential price growth rate has tapered down from double digits in previous years to single digits in 2025," Puri said.
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He also said that the housing sector's performance in 2026 would depend on several key factors, most notably the Reserve Bank of India's rate cuts and developers' price controls.