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Housing registrations in India's top eight cities surged to 5.44 lakh units in FY25, marking a 77% rise from FY19, according to Square Yards data. While primary sales held a 57% share, the secondary market grew to 43%, up from 38% in FY19. Cities like Mumbai, Bengaluru, and Noida saw rising demand for ready-to-move-in homes. Mumbai recorded strong growth in both resale (69,000 units) and new sales (71,000 units), driven by redevelopment and infrastructure projects. Bengaluru and Noida also saw heightened resale activity. Experts expect this momentum to continue, especially in mid-income and premium segments across infrastructure-rich urban markets.
Housing registrations across India's top eight cities rose sharply to 5.44 lakh units in FY25, showing a 77% increase compared to FY19, according to data from Square Yards based on information accessed from the Inspector General of Registration (IGR). This growth underlines a strong demand for residential properties, with the market showing a healthy mix of new and resale transactions. Advertisement
According to the data, while primary sales continue to dominate with a 57% share, the secondary market has also expanded. Resale transactions now account for 43% of the total, compared to 38% in FY19. Cities like Mumbai, Bengaluru, and Noida have seen a notable shift, with more buyers opting for ready-to-move-in homes rather than waiting for new projects.
In Mumbai, secondary sales grew strongly with nearly 69,000 registrations recorded in FY25, while primary sales doubled to about 71,000 units, supported by redevelopment projects and airport infrastructure work. Bengaluru saw nearly 72,000 transactions, with resale homes growing due to high demand from IT sector professionals. Meanwhile, Noida and Greater Noida saw increased activity, driven by anticipation of the Jewar airport, but limited new supply meant resale homes attracted more buyers.
Secondary market properties offer several advantages. They are often located in established neighbourhoods with better connectivity and social infrastructure. Buyers can inspect the property before purchase, reducing the risk of project delays. In cities like Mumbai and Bengaluru, many older apartments are being sold at competitive rates compared to new launches, especially as redevelopment projects push up the cost of primary supply.
Experts believe the strong momentum in housing registrations will likely continue in the near term, especially in mid-income and premium segments. Cities with large upcoming infrastructure projects, like Navi Mumbai and Noida, will continue to see strong housing demand in both new and resale markets.
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