Housing Price Growth in Top 8 Cities Slows To 6 per cent in 2025: Proptiger

New Delhi, February 6, 2026: The average housing price growth slowed to 6 per cent in 2025 across top 8 cities in India, a significant dip from 17 per cent growth recorded in 2024, according to a report by PropTiger.com.

While Bengaluru and Hyderabad showed relatively stronger momentum with average housing price growth of 13 per cent (12 per cent in 2024) and 8 per cent (3 per cent in 2024) respectively in 2025 supported by steady end-user demand, price growth slowed in the other six cities in 2025.

Housing price grew by 8 per cent in Ahmedabad (10 per cent in 2024), 4 per cent in Mumbai MMR (18 per cent in 2024), 1 per cent in Pune (16 per cent in 2024), 6 per cent in Delhi-NCR (49 per cent in 2024), 6 per cent in Kolkata (10 per cent in 2024) and stayed flat in Chennai (16 per cent in 2024).

According to Real Insight – Residential CY 2025, the annual housing market report released by PropTiger.com, through the year 2025 (between Q1 to Q4), residential property prices continued to firm growing at an average 8 per cent in the eight cities, reflecting normalization rather than acceleration. During the year, Bengaluru saw 21 per cent growth reaching INR 9,500 per sq. ft. in Q4 2025, thereby exceeding Delhi NCR (INR 9,167 per sq. ft. in Q4) and emerging as the second most expensive housing market after Mumbai MMR (INR 14,000 per sq. ft. in Q4).

Executive Director of Aurum PropTech Onkar Shetye said, “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.”

According to the report, 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.

Shetye added, “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 and Supply Trends 2025

According to the report, across the top eight cities, all-India residential sales declined by 12 per cent 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 per cent YoY and 0.5 per cent QoQ to 95,049 units. This is the lowest quarterly sales since Q2 2023 (80,250 units).

The total new supply fell 6 per cent 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 (Q4) 2025, supply rose 4 per cent YoY and 0.2 per cent QoQ to 92007 units.