Housing sales declined by an estimated 20% to 96,285 units during the April–June quarter across seven major cities down from 1,20,335 units in the same period last year, according to a report by Anarock. Sales dropped in Delhi-NCR, Mumbai Metropolitan Region (MMR), Bengaluru, Hyderabad, Pune, and Kolkata. Chennai was the only city to have bucked the trend, recording an increase in demand.Of all the cities, only Chennai witnessed an 11% year-on-year rise in housing sales, with approximately 5,660 units sold in Q2 2025, compared to 5,100 units in Q2 2024. On a quarter- on-quarter basis, the city saw a sharp 40% jump in sales. New supply across cities continued to be dominated by luxury and ultra-luxury housing (priced above ?1.5 crore), accounting for 46% of overall launches. The mid-segment ( ?40 lakh– ?80 lakh) and premium segment ( ?80 lakh– ?1.5 crore) each held a 21% share, while affordable housing comprised just 12% of the new supply, it noted. Average residential prices across the top cities rose 11% year-on-year, led by NCR with a 27% surge, followed by Bengaluru (12%) and Hyderabad (11%). However, on a quarterly basis, price growth moderated to just 1%, the report noted.The second quarter of 2025 was a rollercoaster for the Indian housing market, rocked by major military actions at home and abroad. “The war-like climate pushed homebuyers into wait-and-watch mode, compounding the impact of soaring property prices over the past two years. Now, with domestic tensions easing and the RBI’s repo rate cut injecting fresh optimism, buyer sentiment is rebounding,” said Anuj Puri, chairman, ANAROCK Group.Bengaluru added approximately 15,345 units in Q2 2025, declining quarterly by 26%. On a yearly basis, there was a 4% decline. 

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