Home sales dropped by 19 percent and the new launch dropped by 10 percent across Indian 8 best destinations in the first quarter of 2025 (January – March 2025), Proptiger.com said.
Proptiger is part of Rea India, which owns housing.com – digital transactions and an advisory platform.
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The report emphasizes rising real estate costs and a global tariff and a trade war causing instability in the labor market. The analyzed destinations include Delhi-NCR, Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai and Pune.
The report emphasizes rising real estate costs and a global tariff and a trade war causing instability in the labor market.
How’s Delhi-NCR a ticket?
In the first quarter of 2025, only 8 477 units were sold in Delhi-NCR. This is 14 percent less than the units sold in the last quarter (Q4), which was 9,808. This is 16 percent fewer units sold in the first quarter (Q1) from 2024 – 10,058 units.
Delhi-NCR planning area focused on the capital city (NCT) in Delhi, India. It includes Delhi and several districts that surround it from Haryan, Uttar Pradesh and Rajasthan. Grumram, Noida, Ghaziabad and Faridabad and the capitals of real estate markets in Delhi-NCR, except the capital.
According to the report compared to Q1 from 2024, compared to 2024 from 2024 compared to Q1 from 2024 compared to 2024.
As regards the introduction of new projects, only 7,952 units were launched in the 2025 Q1 in Delhi-NCR. This is 21 percent less than 10,048 units running during Q4 from 2024. However, this number showed a jump of 16 % compared to 2024, when 6,872 units were started in January to March.
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In addition to Delhi-NCR, only Bengalur and Kolkata were witnesses of the jump 82 and 138 % on the sale of houses. The rest of the destinations recorded the sale of houses from 10 to 38 percent.
What do experts say?
Experts on the market said that the demand and supply of real estate sector has never been similar. After a sharp jump of 2023-24, the property sector passes through the price correction. This could be the possible reasons for the delay in deciding to buy houses that are absolutely instinctive.
Dinesh Gupta, Secretary, Credai Western Up said that the real estate market always shows variations. “In 2024 there was a demand and supply at their peak. After the festival season we noticed a limited new start due to a decline in demand. This quarter also had a better offer than last year, showing a healthy market trend,” he said.
Credai or the Confederation of Association of Developers in India (Cridai) is the highlight of private real estate developers in India.
Experts on the market said that the demand and supply of real estate sector has never been similar. After a sharp jump of 2023-24, the property sector passes through the price correction.
In my experience, if the units belong to the affordable and medium segment, the project will not face any problem in demand, because this segment has a higher number of house buyers.
Himanshu Garg, Director, RG Group said that the offer in the real estate sector has been in terms of demand and units 3 and 4 BHK have long dominated. “In my experience, if the units belong to the affordable and middle segment, the project will not face any problem in demand, because this segment has a higher number of buyers of houses,” he said.
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Shaildendra Sharma, chairman of Renox Group, mentioned that new housing loans became more affordable due to low interest rate. “Units in newly launched and insufficient construction projects are more friendly than ready to move projects and, moreover, Rera regulations ensure successful completion. In this scenario, buyers prefer new projects and where the possibilities are wide and the budget is absolutely suitable,” he said.
(Tagstotranslate) Home sales
