Housing Sales in 2025: In 8 major cities of the country, house sales in 2025 declined by 1 percent on an annual basis to more than 3.48 lakh. However, demand remained stable amid an average price increase of up to 19 percent. Real estate consultant Knight Frank India on Wednesday said falling interest rates on home loans, strong economic growth and low inflation were some of the key factors that helped sustain demand for homes during 2025 despite fears of an impending recession.
Big increase in contribution of NRIs
According to the data, house sales in 8 major cities of the country declined by about 1 percent to 3,48,207 in 2025. These figures relate only to the primary residential market. Shishir Baijal, chairman and managing director (CMD), Knight Frank India, said the sales momentum continued last year despite the rise in weighted average prices. He told reporters, “The contribution of NRIs (Indians living in other countries) in residential sales, which was in single digits a decade ago, has increased to 12 to 15 percent last year.” These 8 cities include Mumbai, Pune, Bengaluru, Delhi-NCR, Hyderabad, Ahmedabad, Chennai and Kolkata.
Demand for office space in the country increased by 25 percent
On one hand, last year there was a slight decline in home sales in the top 8 cities of the country. On the other hand, last year the demand for leasing office space in the top 8 cities of the country has increased by 25 percent to 6.14 crore square feet. The demand for leasing office space in these 8 cities was 4.91 crore square feet in 2024. According to data released by real estate consultant company Cushman & Wakefield, an increase in net office lease demand has been recorded in Bengaluru, Hyderabad, Pune, Delhi-National Capital Region (NCR) and Chennai. On the other hand, there has been a decline in demand for office space in big cities like Mumbai, Kolkata and Ahmedabad.
Latest Business News