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Housing sales across eight major Indian cities showed limited growth last year, totaling over 3.48 lakh units, according to Knight Frank India. While sales remained mostly stable, average prices increased significantly, reaching up to 19 per cent in some areas. Cities like Chennai and Hyderabad reported sales growth, whereas Delhi-NCR and Pune experienced declines. Falling home loan rates, economic growth, and lower inflation helped sustain demand. NRIs now contribute 12-15 per cent of housing sales, a sharp rise from a decade ago, reflecting their growing role in the market.
Housing sales across eight major Indian cities showed only a slight shift last year, with over 3.48 lakh units sold despite rising property prices, according to real estate consultancy Knight Frank India. While overall sales remained nearly stable, an average price increase of up to 19 per cent reflected the continuing demand for residential properties. Advertisement
During a virtual press briefing, Knight Frank India highlighted that falling home loan interest rates, sustained economic growth, and lower inflation helped maintain housing demand throughout 2025, even amid concerns of a market slowdown. The figures represent activity in the primary residential market alone.
Knight Frank India CMD Shishir Baijal observed that sales momentum persisted despite higher weighted average property prices. He also noted that non-resident Indians now contribute 12-15 per cent of housing sales, a significant increase from single-digit contributions a decade ago.
Among the cities, Mumbai recorded a 1 per cent rise in sales to 97,188 units, with average prices growing 7 per cent to INR 8,856 per sq ft. Bengaluru's market remained steady at 55,373 units, while property prices increased 12 per cent to INR 7,388 per sq ft. Pune experienced a slight decline in sales by 3 per cent to 50,881 units, though prices rose 5 per cent to INR 5,016 per sq ft.
Delhi-NCR saw the steepest fall, with sales dropping 9 per cent to 52,452 units, while prices surged 19 per cent to INR 6,028 per sq ft. Hyderabad's market improved, with sales up 4 per cent to 38,403 units and prices increasing 13 per cent to INR 6,721 per sq ft. Ahmedabad reported a 2 per cent rise in sales to 18,752 units, with prices up 3 per cent to INR 3,197 per sq ft. Chennai witnessed strong growth in both sales and prices, with units sold rising 12 per cent to 18,262 and average prices increasing 7 per cent to INR 5,135 per sq ft. Kolkata recorded a 3 per cent decline in sales to 16,896 units, alongside a 6 per cent rise in average prices to INR 4,037 per sq ft.
Overall, the data indicates that while sales growth has slowed or stabilized in many markets, rising property values and contributions from NRIs continue to shape residential demand.
Source PTI
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