According to data released by ANAROCK, India’s residential real estate market in 2025 is showing clear signs of transition rather than outright distress. While overall housing sales across the top seven cities declined by approximately 14% year-on-year, the total value of sales rose by about 6%. This divergence highlights a structural shift in demand, pricing, and product mix.
City-wise data reveals uneven performance. Hyderabad recorded sales of around 44,885 units in 2025, marking a sharp 23% decline compared to FY2024. Kolkata also saw a slowdown, with sales of approximately 16,125 units—down 12% year-on-year. In contrast, Chennai emerged as the sole outperformer, registering a 15% growth with about 22,180 units sold, underscoring the strength of end-user-driven markets.
On the supply side, the Mumbai Metropolitan Region (MMR) led new launches with nearly 126,140 units in 2025, though this was still 6% lower than the previous year. Over 72% of this supply was priced below ₹1.5 crore, indicating developers’ continued focus on affordable and mid-income housing. Bengaluru added about 74,260 units, a 5% annual increase, largely in the ₹75 lakh to ₹2.5 crore segment. Pune followed with nearly 67,955 units, up 12% year-on-year, with over 86% of supply below ₹1.5 crore.
Notably, NCR stood apart with a 14% rise in new supply to around 61,775 units, where more than 55% of launches were in the luxury and ultra-luxury segment above ₹2.5 crore—reflecting strong premium demand. Hyderabad, however, saw a 26% contraction in new supply, while Chennai and Kolkata posted robust supply growth of 30% and 31% respectively, largely in sub-₹2.5 crore categories.
The current data suggests not a market slowdown, but a consolidation phase. Demand is becoming more selective, capital is concentrating in quality assets, and pricing resilience remains intact. Markets with strong employment, infrastructure momentum, and end-user participation—such as Chennai, Bengaluru, and Pune—are better positioned. Going forward, disciplined supply, realistic pricing, and differentiated offerings will determine sustainable growth rather than volume-led expansion.
