Mumbai: According to the latest data from ANAROCK Research, housing sales Q2 2025 across India’s top seven cities fell by 20% year-on-year to approximately 96,285 units, compared to 1,20,335 units in Q2 2024.
However, the market showed early signs of recovery with a 3% quarter-on-quarter increase, up from 93,280 units sold in Q1 2025.
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Rising property prices and global geopolitical uncertainties, including Operation Sindoor and the Iran-Israel conflict, were cited as key reasons for the subdued performance. Still, easing domestic tensions and a recent repo rate cut by the RBI have begun restoring buyer confidence.
Among the top-performing cities, Chennai emerged as a bright spot, recording an 11% YoY and 40% QoQ surge in housing sales, with approximately 5,660 units sold.
MMR and Pune remained dominant, collectively contributing 48% of total sales with 31,275 and 15,410 units sold respectively.
Housing Sales Q2 2025: New Launch Activity Dips
New residential project launches fell 16% YoY to approximately 98,625 units in Q2 2025. While MMR saw the highest number of launches at 28,165 units, it also reported a 36% annual decline.
NCR, however, bucked the trend with a 69% QoQ jump and a 10% annual rise in new supply. The luxury and ultra-luxury segments dominated fresh supply with a 46% share, while affordable housing lagged at just 12%.
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Housing Sales Q2 2025: Price Trends and Inventory
Average residential prices across the top cities rose 11% YoY and just 1% QoQ. The NCR region led with a 27% annual surge, followed by Bengaluru (12%) and Hyderabad (11%).
Meanwhile, unsold inventory across the top 7 cities declined 3% annually to 5.62 lakh units. Pune reported the sharpest drop in inventory, down 15% YoY, shows housing sales Q2 2025 numbers.
“Despite macroeconomic and geopolitical headwinds, the Indian housing sector is showing resilience. The 3% quarterly increase in sales and a plateau in price hikes suggest growing stability,” said Anuj Puri, Chairman, ANAROCK Group.
“If mortgage rates remain attractive and developer pricing holds steady, we can expect a positive demand momentum in the coming quarters.”
