Sales in India's top eight property markets up by 18% in FY25
The housing property markets across the top 8 Indian cities have stayed strong in the financial year 2024–25, with over 5 lakh units sold, an 18% on-year growth. New launches, however, dipped 8% to 4.3 lakh units, indicating a cautious stance from realty developers, showed data from
Liases Foras Real Estate Rating & Research
.
Despite the slowdown in new supply, unsold inventory remained under control at around 8 lakh units, with a healthy inventory overhang of just 19 months. Property prices inched 3.7% higher, backed by steady demand and fewer launches.
With current inventory levels staying efficient, there's little risk of a price correction and moderate price growth is more likely,
Liases Foras
said.
Going forward, while Mumbai Metropolitan Region (MMR), Pune, and Hyderabad may experience some cooling, and markets like National Capital Region (NCR), Bengaluru, and Chennai are expected to continue growing.
Supporting this resilience, Mumbai's property registration numbers have held steady, adding to the overall market confidence. With the current inventory overhang of 19 months, the situation remains well balanced, the report said.
According to Liases Foras, the dip in new supply is not a cause for concern, as the existing unsold inventory is sufficient to meet current demand, supporting healthy and efficient market dynamics.
However, it has also highlighted the markets have witnessed a plateau in sales led by reduced new launches in the last two quarters, after around four years of growth rally.
Liases Foras expects moderation in the luxury and ultra-luxury segments going forward with early signs of growth in the affordable and mid-segment. With reduction in interest rates, it expects improved affordability, which will boost the affordable market across tier I and tier II cities.
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