Correction in offing? Housing sales dip 28% in India, launches down 10%

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Correction in offing? Housing sales dip 28% in India, launches down 10% - Business Standard

Quick Summary:

Approx.93,280 units sold across the top 7 cities in Q1 2025 against over 1.

Though new launches stayed above the 1 lakh mark in Q1 2024, unsold inventory dropped by 4% annually – from approx.5,80,890 units by Q1 2024-end to approx.5,59,810 units by Q1 2025-end.

These factors cascaded down into the housing market in Q1 2025," said Puri. Average residential property prices across the top 7 cities saw a significant jump in the last one year – ranging between 10-34% in Q1 2025 - when compared to Q1 2024.