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Skyrocketing prices and geo-political headwinds have impacted Q12025 housing sales: ANAROCK

By : Babushahi Bureau

First Published : Thursday, Mar 27, 2025 05:10 PM
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- Photo Source; ANI
  
  Skyrocketing prices and geo-political headwinds have impacted Q12025 housing sales: ANAROCK
  
  Mumbai (Maharashtra), March 27, 2025 (ANI): Skyrocketing residential housing prices along with geopolitical headwinds have slowed the Indian housing market's bull-run in Q1 2025.
  
  The latest data from ANAROCK shows that the first quarter sales of 2025 drop by 28 percent across the top 7 cities as compared with Q12024.Approx. 93,280 units were sold in Q1 2025 in the top 7 cities, in sharp contrast to all-time high sales of over 1.30 lakh units in Q1 2024.
  
  Anuj Puri, Chairman ANAROCK Group, says "India's overall economic scenario remains positive, with GDP growth rate pegged to be the highest globally and inflation also under control," says Puri. "However, rising housing prices and global headwinds like ongoing geopolitical tensions and a weak global economy, has taken their toll on India's residential market activity. These factors cascaded down into the housing market in Q1 2025."
  
  Amid the decline in sales, Mumbai Metropolitan region and Pune accounted for over hald of the units sold.
  
  "MMR and Pune accounted for 51 percent of the total sales, with MMR seeing a 26 percent yearly drop and Pune a decline of over 30 percent. At 49 percent, Hyderabad saw the highest annual drop in sales, while Bengaluru had the lowest decline at 16 percent." said Puri.
  
  New launches across the top 7 cities remained above the one lakh mark but saw a 10 per cent yearly decline, from approx. 1,10,865 units in Q1 2024 to approx. 1,00,020 units in Q1 2025.
  
  "Notably, MMR and Bengaluru saw the maximum new supply in Q1 2025, accounting for 52 percent of the total new launches across the top 7 cities," adds Puri.
  
  "While MMR saw new supply drop by 9 percent annually, Bengaluru saw new supply increase by 27 percent in this period. NCR, Bengaluru, and Kolkata saw supply rise by 53 percent, 27 percent and 26 percent, respectively, while the other cities recorded supply declines, with Hyderabad recording the highest 55 percent yearly decrease."
  
  Although new launches stayed above the 1 lakh mark in Q1 2024, unsold inventory dropped by 4 per cent annually from approx. 5,80,890 units by Q1 2024-end to approx. 5,59,810 units by Q1 2025-end.
  
  Among the top cities, Pune saw the highest decline of 16 percent in its available stock in Q1 2025. In contrast, Bengaluru saw its unsold stock rise by a significant 28 percent to 58,660 units by Q1 2025-end.The top 7 cities saw 1,00,020 units launched in Q1 2025, against 1,10,865 units in Q1 2024, a 10 percent decline.
  
  New launches in Q1 2025 mostly came from the MMR Region, Bengaluru, Pune, and the National Capital Region, which together accounted for 80 percent of the supply addition.
  
  MMR saw 30,755 units launched in Q1 2025 a decline of 9 percent over Q1 2024. Over 56 percent of the new supply was in the sub-Rs 80 lakh budget segment.Bengaluru added 20,855 units in Q1 2025, a yearly rise of 27 percent. About 53 percent of the new supply was in the luxury segment priced over Rs 1.5 Crore.
  
  Pune added 16,860 new units in Q1 2025 compared to 18,770 units in Q1 2024, marking a 10 per cent drop in new launches. About 79 percent of the new supply was in the mid and premium segments costing between Rs 40 lakhs to Rs 1.5 crore.
  
  NCR saw a maximum increase in new supplies by 53 percent over Q1 2024, with 11,120 units launched in Q1 2025 against 7,270 units in Q1 2024. Notably, 70 percent of the new supply was in the ultra-luxury segment priced above Rs 2.5 crore.
  
  Hyderabad added 10,275 units in Q1 2025, a yearly decline of 55 percent over the same period in 2024 when 22,960 units were launched. Over 70 percent of the new supply was in the luxury & ultra-luxury segments priced above Rs 1.5 Crore.
  
  Chennai added 4,755 units in Q1 2025, marking a 35 percent decline. At least 81 percent of the new supply was in the mid and premium segments priced between Rs 40 lakh and Rs 1.5 Crore.
  
  Kolkata added 5,400 units in Q1 2025, a 26 percent rise over Q1 2024. About 59 percent of the new supply was in the affordable and the mid segments priced up to Rs 80 lakhs. (ANI)
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