Subtotal ₹0.00
Amid weakening demand and slowdown in housing sales due to high prices, housing price growth is in a correction mode.
According to PropTiger Report, the average housing price growth slowed to 6% in 2025 across top 8 cities in India, a significant dip from 17% growth recorded in 2024.
While Bengaluru and Hyderabad showed relatively stronger momentum with average housing price growth of 13% (12% in 2024) and 8% (3% in 2024) respectively in 2025 supported by steady end-user demand, price growth slowed in the other six cities in 2025.
As per the report, housing price grew by 8% in Ahmedabad (10% in 2024), 4% in Mumbai MMR (18% in 2024), 1% in Pune (16% in 2024), 6% in Delhi-NCR (49% in 2024), 6% in Kolkata (10% in 2024) and stayed flat in Chennai (16% in 2024).
Through the year 2025 (between Q1 to Q4), residential property prices continued to firm growing at an average 8% in the eight cities, reflecting normalization rather than acceleration. During the year, Bengaluru saw 21% growth reaching Rs 9500 per sq. ft. in Q4 2025, thereby exceeding Delhi NCR (Rs 9167 per sq. ft. in Q4) and emerging as the second most expensive housing market after Mumbai MMR (Rs 14,000 per sq. ft. in Q4).
| Average Housing Price (in Rs psft) Trends in Top 8 Cities | |||||
| City | Avg Price (2025) | Avg Price (2024) | 2025 vs 2024 change (%) | 2024 vs 2023 change (%) | % Change (Q1 to Q4 2025) |
| Ahmedabad | 4,754 | 4,402 | 8% | 10% | 7% |
| Mumbai MMR | 13,164 | 12,600 | 4% | 18% | 11% |
| Pune | 7,192 | 7,108 | 1% | 16% | 3% |
| Delhi-NCR | 8,570 | 8,105 | 6% | 49% | 13% |
| Kolkata | 5,945 | 5,633 | 6% | 10% | 5% |
| Bengaluru | 8,533 | 7,536 | 13% | 12% | 21% |
| Chennai | 7,193 | 7,173 | 0% | 16% | 0% |
| Hyderabad | 7,644 | 7,053 | 8% | 3% | 8% |
| Average top 8 cities | 7,874 | 7,451 | 6% | 17% | 8% |
According to Onkar Shetye, Executive Director, Aurum Protech, “Mumbai MMR price trends through 2025 reflects price consolidation in the region’s premium market while that of Pune and Ahmedabad remaining broadly stable. Delhi NCR and Kolkata also saw measured price increases amid selective demand. Bengaluru and Hyderabad showed steady end-user demand and balanced absorption. Overall, resilient pricing alongside moderating sales volumes highlights a disciplined, supply-calibrated market, where developers protected price integrity and inventory remained well managed-creating a stable pricing base heading into 2026.
The report highlights that inventory overhang remained within comfortable limits, indicating that supply was not materially outpacing demand. Unsold inventory growth was more visible in higher ticket-size categories, reflecting longer decision cycles and lower liquidity compared to mass and mid-income housing. Adds Shetye, “The combination of rising prices, stable quarterly increments, and controlled supply additions indicates that inventory levels remained well managed through 2025. The market continued to operate within a comfort zone, with developers prioritising price integrity and project viability over volume-led liquidation.”
Housing Sales & Supply Trends
The report mentions that in the top eight cities, all-India residential sales declined by 12% to 3,86,365 units in 2025 as compared to 4,36,992 units in 2024. This is the lowest annual sales since 2022.In Q4 2025, sales contracted 10% YoY and 0.5% QoQ to 95,049 units. This is the lowest quarterly sales since Q2 2023 (80,250 units).The total new supply fell 6% to 3,61,096 units in 2025 as against 3,85,221 units in 2024. This is the lowest annual supply since 2021.In the October-December quarter(Q4) 2025, supply rose 4% YoY and 0.2% QoQ to 92007 units.
