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India's housing sector witnessed a shift in buyer preferences in the first half of 2025, with overall home sales across eight major cities declining by 5%, but the total transaction value rising by 9% to INR 3.59 lakh crore. A joint report by CREDAI and CRE Matrix highlighted that higher property prices and demand for larger, better-located homes have driven this surge. Despite fewer units being sold, cities like Delhi-NCR saw a notable jump in market value share, especially in premium segments led by Gurugram and Noida.
India's top eight housing markets saw a dip in residential unit sales during the first six months of the year, even as the overall transaction value recorded a notable increase. According to a report jointly released by CREDAI and CRE Matrix, total housing sales across Delhi-NCR, MMR, Bengaluru, Pune, Hyderabad, Chennai, Kolkata, and Ahmedabad declined by 5% to 2,53,119 units compared to the same period last year. Advertisement
However, despite the fall in volume, sales in value terms rose by 9% to INR 3.59 lakh crore, up from INR 3.30 lakh crore a year ago. This jump is attributed to a steady rise in property prices and growing demand for premium homes. The average ticket size across these Tier 1 markets also grew by 14%, increasing from INR 1.24 crore to INR 1.42 crore.
Shekhar Patel, President of CREDAI, observed that homebuyers are shifting focus from quantity to quality, seeking larger and well-located homes. He added that the sharp 21% increase in housing value in Delhi-NCR, despite a lower number of transactions, is a clear reflection of this evolving preference.
CRE Matrix CEO and Co-founder Abhishek Kiran Gupta echoed this sentiment, stating that India's real estate landscape is moving into a phase where consumer decisions are increasingly driven by quality, trust, and lifestyle. He pointed out that the ongoing growth in average transaction value indicates strong buyer confidence in premium real estate.
Delhi-NCR has notably expanded its share in total housing value, rising to 26% from 23% year-on-year. A significant part of this momentum was led by high-value transactions in Gurugram and Noida, which dominated luxury housing sales in the region.
Shiwang Suraj, Founder of InfraMantra, attributed this trend to rising lifestyle aspirations and major infrastructure developments across NCR. He also pointed out that buyers are increasingly seeking spacious, high-end homes a demand that has been met by projects in key pockets of the region.
Bhavesh Kothari, CEO of Property First Realty LLP, noted that this premiumisation trend is visible across other cities as well. In Bengaluru, for instance, real estate has evolved over the past decade to deliver high capital appreciation and rental returns, making it an attractive destination for both buyers and investors.
Source PTI
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