Housing sales fall 14% as unsold stock climbs across major cities in 2025

Unsold housing units rose 4 per cent to nearly 5.77 lakh units in 2025 across seven major cities as the supply of new homes exceeded demand, according to data released by real estate consultant Anarock.

Data from Anarock on the primary residential market showed that unsold housing units across the top seven cities stood at 5,76,617 units at the end of 2025, compared with 5,53,073 units at the end of the preceding year.

“Annually, unsold inventory in the top 7 cities rose 4 per cent by 2025-end, largely because of tapered demand and increased new supply in the year,” Anarock said.

Housing sales in the top seven cities declined 14 per cent year-on-year to 3,95,625 units in 2025, while new supply rose 2 per cent to 4,19,170 units during the same period.

City-wise data showed a mixed trend in unsold housing stock. Unsold inventory declined in the Mumbai Metropolitan Region (MMR) and Hyderabad, while it increased in Delhi-NCR, Pune, Chennai, Bengaluru and Kolkata.

In Delhi-NCR, unsold housing stock rose 5 per cent to 90,455 units at the end of 2025, up from 85,901 units at the end of 2024.

The Mumbai Metropolitan Region recorded a marginal decline of 1 per cent in unsold homes, with inventory falling to 1,79,228 units from 1,80,964 units in the previous year.

Bengaluru saw a sharp increase in unsold housing stock, which rose 23 per cent to 64,863 units at the end of 2025 from 52,807 units a year earlier.

In Pune, unsold housing stock increased 3 per cent to 83,491 units from 80,672 units.

Hyderabad reported a 2 per cent decline in unsold homes, with inventory falling to 96,140 units from 97,765 units.

Chennai recorded an 18 per cent rise in unsold housing stock to 33,434 units at the end of last year, compared with 28,423 units at the end of 2024.

In Kolkata, the number of unsold homes stood at 29,007 units at the end of 2025, up 9 per cent from 26,542 units at the end of the previous year, the data showed.

On the outlook, Anarock said demand is expected to rise with lower interest rates on home loans, provided housing prices remain under control.