Bengaluru defies national housing slump, records 10% rise with 18,508 homes sold

India’s housing market witnessed a slowdown in the first quarter of 2025, with home sales declining by 23% and new constructions plummeting by 34% across major cities. However, Bengaluru emerged as a bright spot, recording a 10% rise in home sales.

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According to recent data, only 1,05,791 homes were sold across the country’s top nine cities in Q1 2025, down from 1,36,702 in the same period last year. While cities like Hyderabad (-47%), Mumbai (-36%), and Pune (-33%) reported significant declines, Bengaluru bucked the trend with 18,508 homes sold, up from 16,768 in Q1 2024. Delhi-NCR also saw similar growth, with sales reaching 11,221 homes.

Bengaluru’s resilience extended to new home construction as well. While overall new housing supply fell to 80,774 units from 1,22,365 in Q1 2024, Bengaluru registered a 17% increase in new projects, unlike Kolkata, Mumbai, and Pune, which saw steep declines.

Despite the slowdown in sales and supply, housing demand remained strong. The absorption-to-supply ratio—a key indicator of market health—stood at 131% in Q1 2025, slightly lower than 132% in the last quarter of 2024. This suggests that while fewer homes are entering the market, buyers continue to actively purchase available properties.

With steady demand and increasing construction, Bengaluru’s housing sector remains a key driver of India’s real estate market amid an overall slowdown.