India’s three major southern cities — Bengaluru, Hyderabad and Chennai — bucked the broader slowdown in the housing market last year, recording a combined 15 per cent rise in home sales to more than 1.33
lakh units, driven by strong demand and improved supply, according to data released by PropTiger.
PropTiger, which was acquired last year by Mumbai-based listed entity Aurum PropTech, on January 22 released its assessment of primary housing market sales across eight major cities for the 2025 calendar year.
The data showed that overall housing sales across the eight cities declined 12 per cent to 3,86,365 units in 2025 from 4,36,992 units in the previous year, reflecting a broader moderation in residential demand. While sales fell in markets such as the Mumbai region, Delhi-NCR, Pune and Ahmedabad, southern cities along with Kolkata emerged as bright spots.
Onkar Shetye, executive director of Aurum PropTech, said, “2025 was not a year of demand destruction, but one of recalibration. Buyers remained active but more deliberate, while developers responded with disciplined supply management. This prevented inventory stress and helped prices remain resilient despite softer volumes.”
Among the top-performing cities, Bengaluru recorded a 13 per cent increase in housing sales, rising to 54,414 units in 2025 from 48,272 units a year earlier. Chennai saw the sharpest jump, with sales surging 55 per cent to 24,892 units from 16,044 units in 2024. Hyderabad posted a more modest but steady 6 per cent increase, with sales rising to 54,271 units from 51,337 units.
Taken together, these three southern markets clocked housing sales of 1,33,577 units in 2025, up 15.5 per cent from 1,15,653 units in the preceding year.
Elsewhere, Kolkata also recorded growth, with housing sales rising 12 per cent to 15,172 units from 13,605 units.
In contrast, the Mumbai region saw the steepest decline, with sales falling 26 per cent to 1,05,595 units from 1,43,487 units in 2024. Housing sales in Delhi-NCR dipped 13 per cent to 35,711 units, while Pune registered a 12 per cent decline to 59,223 units. Sales in Ahmedabad also fell 12 per cent to 37,087 units during the year.
On the supply side, total new housing launches across the eight cities declined 6 per cent to 3,61,096 units in 2025 from 3,85,221 units in 2024. PropTiger noted that this was the lowest annual supply recorded since 2021, reflecting a cautious approach by developers amid changing market conditions.
Lalit Parihar, managing director of Aaiji Group, a Dholera-based real estate firm, said, “The Ahmedabad real estate market continues to display resilience and steady growth. While the market witnessed a brief dip, it is poised for significant expansion following the city’s announcement as a host for the Commonwealth Games. This momentum is further strengthened by transformative infrastructure initiatives such as the bullet train project, the expanding metro network, and Ahmedabad’s strategic proximity to GIFT City and Dholera. These factors position the city as an attractive residential destination for professionals across both the services and manufacturing sectors.”
Demand remains robust in the mid-income and premium housing segments, supported by Ahmedabad’s status as one of India’s most affordable major housing markets. Property prices have shown consistent appreciation, driven by sustained infrastructure development and a healthy balance between supply and demand, he added.
