Record-breaking growth in H1 2025
In the first half of 2025, India’s residential real estate market recorded impressive growth in terms of overall value, even as the number of units sold declined slightly. According to the latest CREDAI-CRE report, housing sales across Tier-1 cities crossed Rs 3.6 lakh crore, marking a 9% rise compared to Rs 3.3 lakh crore during the same period last year.
However, the number of housing units sold dropped from 2.74 lakh in H1 2024 to 2.54 lakh in H1 2025 — a 4% decline. Delhi led the market both in volume and value, clocking 25,000 unit sales and contributing 26% to the overall share. Compared to the previous year, Delhi saw a 21% rise in total sales value and 32% growth in units sold. Mumbai followed with a 23% share of sales value and also saw a 9% year-on-year increase.
Interestingly, the market saw a notable shift toward ultra-premium housing. Homes priced above Rs 3 crore contributed 73% to the total sales value, while those above Rs 3.5 crore increased their share from 29% to 34%. Chennai posted a 23% jump with 11,000 units sold, while Bengaluru reported 30,000 unit sales with 17% growth. In contrast, Hyderabad witnessed a modest 2% rise in value but an 11% dip in volume, staying at 30,000 units.
Ahmedabad and Kolkata showed strong performances, registering 10% and 17% growth respectively. Commenting on the trend, CREDAI President Shekhar Patel said the data reflects a shift in homebuyer preferences toward larger, more luxurious homes — a sign of increasing purchasing power and evolving lifestyle aspirations.