The total sales value of housing units in India’s top seven cities increased by 6% to over Rs 6 lakh crore in 2025 from Rs 5.68 lakh crore in the previous year. However, sales volumes decreased by 14% to about 3,95,625 units in 2025 from 4,59,645 units in 2024. This decline was attributed to factors such as rising property prices, IT sector layoffs, and geopolitical tensions affecting demand.
The Mumbai Metropolitan Region (MMR) recorded the highest sales with approximately 1,27,875 units, marking an 18% decrease, while Pune sold about 65,135 units, down by 20%. Together, these two markets accounted for 49% of the overall residential sales in 2025. Chennai was the only city that saw growth in sales volume, surging by 15% to about 22,180 units.
Anuj Puri, Chairman of ANAROCK Group, described 2025 as a year of significant challenges, including geopolitical uncertainties and IT sector layoffs. He mentioned that while sales volumes stabilized around 4 lakh units across the top seven cities, there was growth in the overall sales value. Additionally, over 21% of the new supply was launched in the price bracket above Rs 2.5 crore.
Average residential prices across the seven cities rose by approximately 8% to around Rs 9,260 per sq. ft, driven by a 23% increase in Delhi-NCR to about Rs 9,300 per sq. ft. This surge was mainly due to a higher supply of expensive homes in the market. The report highlighted that out of NCR’s total new supply of 61,775 units, more than 55% were priced above Rs 2.5 crore.
The report also pointed out that the average residential price growth rate slowed down from double digits in previous years to single digits in 2025. It emphasized that the sector’s performance in 2026 would depend on rate cuts by the RBI and price control measures by developers. The report suggested that repo rate cuts leading to lower home loan interest rates could significantly boost demand.
