Housing sales fall by 5%, but value increases by 9% in first half of 2025

During the first six months of the year, the housing sales fell 5 per cent to 2.53 lakh units but increased 9 per cent in value terms to Rs 3.59 lakh crore across eight major cities, a CREDAI and CRE Matrix report said.

Realtors’ apex body CREDAI and data analytics firm CRE Matrix released a report on primary housing markets of India’s top eight cities. These cities included Bengaluru, Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Kolkata, Chennai, Hyderabad and Ahmedabad.

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It said the housing sales in these eight cities declined 5 per cent to 2,53,119 units during January-June 2025 from 2,67,219 units in the year-ago period.

The report highlighted that the appreciation in prices of residential properties led to an increase of 9 per cent in sales in value terms to Rs 3,59,373 crore in the first half of 2025 from Rs 3,30,750 crore in the corresponding period of the preceding year.

The data showed that Delhi-NCR’s market share in value terms has increased to 26 per cent from 23 per cent during the period under review.

Speaking on the development highlighted in the report, CREDAI National President Shekhar Patel said, “We are witnessing a decisive shift in homebuyer preferences across India. The demand is clearly moving towards larger, better-located, and more premium homes – reflecting rising aspirations and improved purchasing power.”

“A 21 per cent growth in NCR’s housing value, despite lower volumes, is a clear indicator that quality and location are now more important than quantity,” he added.

Abhishek Kiran Gupta, CEO & Co-Founder of CRE Matrix, said the Tier 1 housing markets have entered a new phase of value-driven growth. He noted that there has been a 14 per cent rise in average ticket size to Rs 1.42 crore from Rs 1.24 crore during the period under review.