Housing Price Growth in Top 8 Indian Cities Slows to 6% in 2025

According to a PropTiger report, average housing price growth across India’s top eight cities eased to 6% in 2025, marking a significant decline from the 17% increase recorded in 2024.

While Bengaluru and Hyderabad demonstrated relatively stronger momentum—with average growth of 13% (12% in 2024) and 8% (3% in 2024) respectively—the remaining six cities saw their growth rates moderate considerably in 2025.

Specific city performances included Ahmedabad at 8% (up from 10% in 2024), Mumbai Metropolitan Region (MMR) at 4% (from 18% in 2024), Pune at 1% (down from 16% in 2024), Delhi NCR at 6% (previously 49% in 2024), Kolkata at 6% (from 10% in 2024), and Chennai remaining flat at 16% (same as 2024).

The Real Insight – Residential CY 2025 report by PropTiger confirms that residential property prices continued to firm throughout 2025, growing at an average of 8% across the eight cities—a clear sign of normalisation rather than acceleration.

Bengaluru stood out with 21% growth, reaching Rs 9,500 per square foot in Q4 2025 and surpassing Delhi NCR (Rs 9,167 per sq. ft.) to become the second most expensive housing market after Mumbai MMR (Rs 14,000 per sq. ft.).

Onkar Shetye, Executive Director of Aurum PropTech, noted that “Mumbai MMR price trends through 2025 reflect price consolidation in the region’s premium market, while that of Pune and Ahmedabad remains broadly stable. Delhi NCR and Kolkata also saw measured price increases amid selective demand.” He added that “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.”

Inventory conditions were positive: unsold inventory growth was contained within comfortable limits, indicating supply did not outpace demand. However, higher ticket-size categories showed more pronounced unsold inventory growth, reflecting longer decision cycles and lower liquidity compared to mass and mid-income housing.

Sales and supply trends reveal a broader picture: all-India residential sales declined by 12% to 386,365 units in 2025 versus 436,992 units in 2024—the lowest annual sales since 2022. In Q4 2025, sales contracted 10% year-on-year and 0.5% quarter-on-quarter to 95,049 units, the lowest quarterly figure since Q2 2023. New supply fell 6% to 361,096 units in 2025, the lowest annual supply since 2021.

Looking ahead, the market operated within a comfort zone with developers prioritizing price integrity and project viability over volume-driven liquidation. The combination of rising prices, stable quarterly increments, and controlled supply additions suggests inventory levels remained well managed through 2025.