Summary:

Residential transactions in major Indian cities increased by 77% from FY19 to FY25, totaling 5.44 lakh units, with primary market transactions accounting for 57% and secondary sales for 43%. This growth reflects a strong recovery, driven by resurgent homeownership aspirations and increased demand for ready-to-move-in properties. The study covers Bengaluru, Hyderabad, Mumbai, Navi Mumbai, Noida & Greater Noida, Pune, and Thane. Secondary transaction volume rose from 1.22 lakh to 2.33 lakh units.

Mr. Tanuj Shori, CEO and Founder of Square Yards, noted that the residential market has experienced a significant V-shaped recovery since the pandemic. The secondary market has gained considerable traction, with its share rising from 38% before the pandemic to 43% in FY25. The growing preference for ready-to-move-in homes in well-connected, established neighborhoods has contributed to the increased demand in the secondary market segment.

Source: IBEF

Disclaimer:

The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.