New Delhi, March 27 – Home sales across India’s seven major cities are expected to witness a 28 percent year-on-year decline in the January–March quarter of 2025, primarily due to soaring property prices and ongoing global uncertainties, according to real estate consultancy Anarock.
As per agency report, the estimated number of housing units sold in this period is projected to be 93,280, down from 130,170 units recorded during the same quarter last year. The slowdown reflects a drop in momentum for the Indian residential real estate market, which had seen strong recovery post-pandemic.
Anarock attributed the decline to record-high housing prices and the impact of adverse geopolitical developments. Despite a stable domestic economic outlook and strong GDP growth forecasts, buyers appear to be hesitant amid global economic weakness and inflationary concerns.
In terms of city-wise performance, the Mumbai Metropolitan Region (MMR) is expected to register a 26 percent drop in sales to 31,610 units, while Delhi-NCR may see a 28 percent fall. Bengaluru’s housing sales are likely to decline 16 percent to 15,000 units, and Pune is estimated to witness a 30 percent dip to 16,100 units. Hyderabad may see the steepest fall, with sales expected to plunge 49 percent to 10,100 units. In Chennai, a 26 percent drop is anticipated, bringing sales to 4,050 units, while Kolkata may see a 31 percent decline with 3,900 units sold.
Anuj Puri, Chairman of Anarock, said that although India’s macroeconomic indicators remain strong—particularly GDP growth and controlled inflation—the combination of surging property prices, global geopolitical tensions, and a sluggish international economy has dampened housing market sentiment. These trends, he noted, have continued to influence the market's performance in the first quarter of 2025.
