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On Tuesday, December 30, real estate consultant Square Yards released data of properties registered in Pune, Thane, Mumbai, Navi Mumbai, Bengaluru, Hyderabad, Noida, Greater Noida and Ghaziabad. The data relates to transactions in both the primary and secondary (resale) markets.
“In 2025, registered residential transactions across India’s nine major residential markets declined by 5% year-on-year, while total sales value increased by over 11%,” the consultancy said in a statement.
During 2024, the number of registrations stood at 5.77 lakh units 4.03 crores.
“Amid the sharp increase in the number of wealthy Indians with high disposable income, the value contribution of premium and luxury housing is set to dominate in 2025, especially in markets like MMR (Mumbai Metropolitan Region),” said Tanuj Shori, Founder and CEO, Square Yards.
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He said sustained price increases over the past three to five years have begun to test affordability limits in many premium micro markets.
“Although demand remains structurally resilient, incremental growth in the luxury segment is expected to moderate in 2026, signaling the beginning of a stabilization phase rather than a recession,” Shori said.
On the outlook for next year, Square Yards said that with the support of disciplined supply pipelines, a mature buyer base and a gradual rebalancing of demand towards the mid-market segment, the housing market is well positioned for sustainable growth into 2026.
Commenting on the report, Rajat Khandelwal, Group CEO, Tribeca Developers, said home buyers are clearly showing strong preference for newly launched projects.
The growth is driven by continued demand for premium and larger homes, higher average ticket size and quality, along with a clear shift towards branded developments, said Santosh Agarwal, CFO and Executive Director, Alpha Corp Development Ltd.
“Both end users and investors are preferring well-located projects, better amenities and long-term value rather than volume-based buying,” Agarwal said.