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Unsold housing stock across India's top seven cities increased by 4% in 2025, reaching about 5.77 lakh units, according to Anarock's analysis. Bengaluru recorded the sharpest rise, with inventory jumping 23%, while Pune, Chennai, Delhi-NCR, and Kolkata also saw higher unsold stock. In contrast, Hyderabad and the Mumbai Metropolitan Region experienced slight declines. Average residential prices in the seven cities grew 8%, with Delhi-NCR recording the highest rise. Overall housing sales fell 14%, although the total sales value increased 6%, reflecting stronger performance in premium segments despite slower overall demand.
Unsold housing inventory in India's primary residential markets rose last year as new launches continued to outpace buyer demand, Anarock's research shows. Across the top seven cities, unsold units increased roughly 4%, totaling around 5.77 lakh units by the end of 2025. Advertisement
Bengaluru recorded the most significant increase, with unsold stock rising about 23%, reflecting slower absorption compared with new supply. Other major cities such as Pune, Chennai, Delhi-NCR, and Kolkata also reported higher unsold inventory, while Hyderabad and the Mumbai Metropolitan Region (MMR) saw small declines of 2% and 1% respectively, mainly due to restrained new launches.
Average residential prices across these cities increased by 8% over the year. Delhi-NCR saw the highest rise of 23%, with prices moving from around INR 7,550 per sq. ft. to INR 9,300 per sq. ft. Other cities recorded more moderate growth between 4-9%, significantly lower than the 13-27% appreciation seen in 2024.
Housing sales declined 14% in the top seven cities, with about 3,95,625 units sold compared to 4,59,645 units in 2024. Despite slower sales, the overall value of transactions grew about 6%, reaching over INR 6 lakh crore, driven largely by higher-value properties. MMR led in volume, selling around 1,27,875 units, an 18% decline, followed by Pune with 65,135 units sold, down 20% year-on-year. Together, these two western markets accounted for nearly half of total residential sales in 2025.
Experts say the rise in inventory reflects broader challenges, including hardening property prices, IT sector layoffs, geopolitical uncertainties, and other factors that moderated demand. New supply in cities like Bengaluru and Pune outpaced absorption, while pricing pressures affected buyer sentiment across most metros.
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