The data from Pan India market performance in the first half shows that Tier 1 cities in India have registered the sale of homes with a value of approximately £ 3.6 Lakh Crore, which marks an increase of 9% of £ 3.3 Lakh Crore in H1 CY24.
The Indian residential real estate sector has witnessed a delay in the new project launches, with the number of units introduced in the first half of the calendar year 2025 (H1 CY25) decreased to around 2.6 Lakh, compared to around 3 Lakh units in the same period last year. This represents a decrease of almost 5 percent, which indicates a more cautious approach to developers in the midst of evolving market dynamics.
“The number of units launched throughout India has decreased, from approximately 3 Lakh units in H1 CY24 to approximately 2.6 Lakh units in H1 CY25-one decrease of approximately 5 percent”, the report released by the Confederation of Real Estate Developers Associations of India (Credai) in collaboration with Crexrix. The data of the performance of the Pan India market in the first half show that Tier 1 cities in India have registered the sale of homes with a value of approximately £ 3.6 Lakh Crore, which marks an increase of 9 percent from £ 3.3 Lakh Crore in H1 Cy 2024.
From the July edition of Credai’s India Housing Report shows that the The National Capital Region (NCR) has increased its position, with its share in the total turnover of 23 percent to 26 percent in the same period. Luxury flats priced above £ 3 crore accounted for 73 percent of NCR sales value, despite a modest volume of 25,000 units sold. The Mumbai Metropolitan Region (MMR) followed closely with a turnover share of 23 percent, with a growth of 9 percent in the turnover value and 75,000 units sold, with an increase in the average ticket size by 16 percent.
The turnover market share of Hyderabad, on the other hand, decreased considerably-from 21 percent in H2 CY23 to only 16 percent in H1 CY25. In the meantime, on the positive side, the average card size of houses sold has increased sharply. The average ticket size climbed from £ 1.13 crore in H2 Cy23 to £ 1.42 crore in H1 CY25, according to the data.
In the south, Chennai emerged as a striking performer, which means that an increase in turnover value by 23 percent with 11,000 units sold and an increase in the average card size of 12 percent. New launches in Chennai grew from 14,000 to 19,000 units, although the market share of houses under £ 70 Lakh fell from 23 percent to 17 percent. Bengaluru held a steady growth with an increase in turnover value by 4 percent and 30,000 units sold, supported by an increase in map size of 17 percent. The proportion of houses priced between £ 70 lakh and £ 1.5 crore, however, fell from 38 percent to 32 percent.
Hyderabad, while he included a modest increase of 2 percent in the turnover value, saw 11 percent drop-in units (30,000 units) but a doubling of new launches of 23,000 to 42,000 units, indicating developer optimism despite slower absorption, added the report.
Published on August 2, 2025
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