New Delhi, Jan 7 (UNI) Housing sales across eight major Indian cities declined marginally by 1 per cent in 2025 to 3.48 lakh units as demand remained subdued amid a sharp rise in property prices, according to a report by real estate consultancy Knight Frank India.
Despite concerns over a possible market correction, the firm noted that a decline in home loan interest rates, strong economic growth and easing inflation helped sustain housing demand during the calendar year. The data pertains to the primary residential market.
Among the eight cities, Mumbai Metropolitan Region (MMR) recorded a 1% increase in sales to 97,188 units, while average housing prices rose 7% to Rs 8,856 per sq ft. Bengaluru reported flat sales at 55,373 units, though prices climbed 12% to Rs 7,388 per sq ft. Pune witnessed a 3% decline in sales to 50,881 units, even as prices appreciated 5% to Rs 5,016 per sq ft.
Delhi-NCR saw the sharpest decline, with sales falling 9% to 52,452 units. However, average prices surged 19% to Rs 6,028 per sq ft, the highest increase among all cities. Hyderabad recorded a 4% growth in sales to 38,403 units, while prices rose 13% to Rs 6,721 per sq ft. In Ahmedabad, housing sales increased 2% to 18,752 units, with prices inching up 3% to Rs 3,197 per sq ft.
Chennai posted the strongest sales growth, up 12% to 18,262 units, accompanied by a 7% rise in prices to Rs 5,135 per sq ft. Kolkata saw a 3% decline in sales to 16,896 units during 2025, while average residential prices increased 6% to Rs 4,037 per sq ft.
Residential sales fall marginally in 2025 despite lower home loan rates: Report
