January 8, 2026
NEW DELHI – Housing sales across eight major Indian cities declined marginally by 1 per cent in 2025 to 3.48 lakh units, as demand remained subdued amid a sharp rise in property prices, according to a report by real estate consultancy Knight Frank India.
Despite concerns over a possible market correction, the firm noted that a decline in home loan interest rates, strong economic growth and easing inflation helped sustain housing demand during the calendar year.
The data pertains to the primary residential market.
Among the eight cities, the Mumbai Metropolitan Region (MMR) recorded a 1 per cent increase in sales to 97,188 units, while average housing prices rose by 7 per cent to ₹8,856 per sq ft.
Bengaluru reported flat sales at 55,373 units, though prices climbed 12 per cent to ₹7,388 per sq ft. Pune witnessed a 3 per cent decline in sales to 50,881 units, even as prices appreciated by 5 per cent to ₹5,016 per sq ft.
Delhi-NCR saw the sharpest decline, with sales falling 9 per cent to 52,452 units. However, average prices surged 19 per cent to ₹6,028 per sq ft, the highest increase among all cities.
Hyderabad recorded a 4 per cent growth in sales to 38,403 units, while prices rose 13 per cent to ₹6,721 per sq ft. In Ahmedabad, housing sales increased by 2 per cent to 18,752 units, with prices inching up 3 per cent to ₹3,197 per sq ft.
Chennai posted the strongest sales growth, rising 12 per cent to 18,262 units, accompanied by a 7 per cent increase in prices to ₹5,135 per sq ft.
Kolkata saw a 3 per cent decline in sales to 16,896 units during 2025, while average residential prices increased by 6 per cent to ₹4,037 per sq ft.