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Unsold housing inventory across seven major Indian cities increased 4 per cent to nearly 5.77 lakh units by the end of 2025 as new residential supply continued to exceed demand, according to real estate consultancy Anarock. While housing sales declined sharply during the year, developers added fresh supply, leading to an overall rise in unsold stock. The trend was uneven across markets, with Mumbai Metropolitan Region and Hyderabad witnessing a marginal decline, while Delhi-NCR, Bengaluru, Pune, Chennai and Kolkata saw inventory build-up. Despite the current oversupply, Anarock remains cautiously optimistic, expecting demand to improve if home loan interest rates soften and price growth remains under control.
Unsold housing inventory across India's seven major cities rose by 4 per cent to 5,76,617 units at the end of 2025, as a slowdown in demand coincided with higher new project launches, according to data released by real estate consultancy Anarock. The unsold stock stood at 5,53,073 units at the end of 2024, highlighting a gradual build-up of inventory over the past year. Advertisement
Anarock attributed the increase primarily to tapered housing demand and sustained supply additions. Housing sales across the top seven cities declined 14 per cent year-on-year in 2025 to 3,95,625 units, while new residential supply rose 2 per cent to 4,19,170 units. The imbalance between sales and launches resulted in higher unsold inventory at an aggregate level.
Market-wise trends, however, remained mixed. Delhi-NCR recorded a 5 per cent rise in unsold housing stock, which increased to 90,455 units at the end of 2025 from 85,901 units a year earlier. Bengaluru saw one of the sharpest increases, with unsold inventory jumping 23 per cent to 64,863 units from 52,807 units, reflecting aggressive supply additions amid moderating demand.
In Pune, unsold homes rose 3 per cent to 83,491 units, while Chennai reported an 18 per cent increase to 33,434 units. Kolkata also witnessed a 9 per cent rise in unsold inventory, taking the total to 29,007 units by year-end.
In contrast, Mumbai Metropolitan Region (MMR) and Hyderabad offered some relief. MMR saw a marginal 1 per cent decline in unsold homes to 1,79,228 units, while Hyderabad recorded a 2 per cent fall to 96,140 units, indicating relatively better demand-supply balance in these markets.
Looking ahead, Anarock believes that residential demand could revive if home loan interest rates decline in the coming period. However, the consultancy cautioned that sustained price discipline will be critical for improving absorption levels and preventing further inventory build-up across major housing markets.
Source - PTI
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