Housing unit sales across India's top eight cities declined slightly in the first half of 2025, with only Hyderabad and Chennai recording growth, according to Knight Frank India's latest report, India Real Estate: Office and Residential Market – January to June 2025 (H1 2025).
Mumbai, the country’s largest residential market, remained flat with 47,035 units sold and a 3% drop in new launches to 45,451 units.
The National Capital Region (NCR) saw an 8% drop in sales to 26,795 units and a 17% fall in launches to 25,233 units.
Bengaluru posted a 3% decline in sales to 26,599 units, but new launches surged by 31% to 33,498 units. Pune reported a 1% fall in sales and a 5% dip in launches.
In contrast, Hyderabad recorded a 3% increase in sales to 19,048 units, while Chennai registered the highest growth with a 12% rise in sales to 8,935 units. Hyderabad saw a 6% drop in new launches, while Chennai posted a 9% increase.
Ahmedabad remained stable with 9,370 units sold, while launches rose by 5%. Kolkata witnessed an 11% sales drop and a 29% plunge in launches.
Overall, total housing sales across the top eight cities dropped by 2% year-on-year to 170,201 units. New launches also fell by 2% to 179,740 units.
Notably, homes priced above â¹1 crore saw a 17% increase in sales, while the â¹2–5 crore segment rose 29%, suggesting strong demand in the premium category. The quarters-to-sell ratio held steady at 5.8, indicating a balanced market.
Knight Frank said the premium housing segment continues to show resilience and developer confidence remains strong despite moderate slowdowns in other segments.