Business EconomyPosted at: Jun 26 2025 3:38PM


Housing sales dip 20 per cent Y-o-Y in Q2 2025 across top 7 cities: Research data

Kolkata, June 26 (UNI) Inexorably rising property prices, geopolitical tensions, including Operation Sindoor and the Iran-Israel war, impacted housing sales in the top 7 cities in Q2 2025 in India, according to the latest ANAROCK research data.
There was an annual sales drop of 20 per cent with approximately 96,285 units sold in the quarter against approx. 1,20,335 units in Q2 2024.
However, housing sales rose 3 pc Q-o-Q (quarter-over-quarter), MMR (Mumbai Metropolitan Region) and Pune together accounted for over 48 pc of total sales in the top 7 cities, with some 46,685 units cumulatively sold in these cities in Q2 2025.
Chennai was the only city to see a yearly rise (11 pc) in housing sales in the quarter against Q2 2024 – from approx. 5,100 units in Q2 2024 to about 5,660 units in Q2 2025. Q-o-Q, Chennai saw sales jump by 40 pc - approximately. 4,050 units were sold in the city in Q1 2025.
New launches decelerated by 16 pc Y-o-Y – from approximately. 1,17,165 units in Q2 2024 to some 98,625 units in Q2 2025.
Realty hotspots MMR and NCR saw the maximum new supply, accounting for 48 pc of the total new supply additions across the top 7 cities. Individually, MMR witnessed a 36 pc yearly decline and a 8 pc quarterly decline in new supply.
The NCR witnessed a 69 pc Q-o-Q jump in new supply in Q2 2025 against Q1 2025, and a 10 pc yearly rise.
"The second quarter of 2025 was a rollercoaster for the Indian housing market, rocked by major military actions at home and abroad. The war-like climate pushed homebuyers into wait-and-watch mode, compounding the impact of soaring property prices over the past two years. Now, with domestic tensions easing and the RBI’s repo rate cut injecting fresh optimism, buyer sentiment is rebounding," ANAROCK Group chairman Anuj Puri said in a statement today.
"Despite a 20 pc year-on-year dip in sales across the top 7 cities, a 3 pc uptick this quarter signals renewed momentum," he said. "With home loan rates softening and developers largely holding prices steady, the stage is set for a potential upswing in housing sales in the coming quarters," he noted.
Average residential prices rose by 1 pc quarterly, but the annual rise has been 11 pc in the top 7 cities. The annual growth rate has certainly seen a downward trend in the quarter.
“NCR led the pack in Q2 2025 with a striking 27 pc year-on-year surge and a 4 pc quarterly rise in residential prices," said Puri. "Bengaluru followed with a robust 12 pc annual jump, underscoring strong momentum in key markets. If prices remain in check, expect housing sales across major cities to accelerate in the coming quarters.”
The top 7 cities saw around 98,625 new units launched in Q2 2025, against 1,17,165 units in Q2 2024 - a 16 pc decline. The key cities contributing to new launches in Q2 2025 were MMR (Mumbai Metropolitan Region), NCR, Pune, and Bengaluru, which together accounted for 78 pc of the supply addition.
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