Housing Sales Take a Hit: A 28% Decline Across Major Indian Cities

Housing sales in India's seven major cities declined by 28% in Q1 2025 due to high prices and global uncertainties. The drop affects areas like Delhi-NCR, Mumbai, Bengaluru, and Pune. While demand remains strong, industry experts view this as a market correction and opportunity for sustainable growth.

In the first quarter of 2025, housing sales across seven major Indian cities have experienced a significant decline, dropping by an estimated 28% due to rising prices and global uncertainties, as reported by real estate consultant Anarock.

The data shows housing sales decreased to 93,280 units compared to 1,30,170 units in the same period last year. Key areas affected include Delhi-NCR, with a 20% sales decrease, and Mumbai Metropolitan Region, with a 26% drop. Bengaluru and Pune also witnessed declines of 16% and 30%, respectively.

Despite this downturn, industry experts see it as a chance for market correction and future growth. Angad Bedi of BCD Group views the drop as an expected market adjustment. Bhavesh Kothari of Property First notes continued strong inquiries, suggesting cyclical demand. Ashish Agarwal of AU Real Estate remains optimistic about sustainable growth amid evolving buyer needs.

(With inputs from agencies.)