Unsold affordable housing drops 19% in top 7 cities in Q1 2025, luxury stock rises 24%

By A Representative

India’s affordable housing segment witnessed a notable improvement in Q1 2025, with unsold inventory shrinking by 19% across the top 7 cities—from approximately 1.40 lakh units in Q1 2024 to 1.13 lakh units by Q1 2025-end, according to latest research by ANAROCK.

This sharp reduction is attributed to restricted new supply in the affordable segment (units priced below INR 40 lakh) over the past year, as developers shifted focus to mid-range and premium categories post-pandemic.

In contrast, unsold luxury housing stock (priced above INR 1.5 Cr) surged by 24%, rising from approx. 91,125 units in Q1 2024 to over 1.13 lakh units in Q1 2025, largely due to robust supply and investor caution amid global economic uncertainties.

Bengaluru led the affordable recovery with a massive 51% drop in unsold stock. Chennai followed with a 44% decline, while Hyderabad was the outlier, witnessing a 9% increase in its unsold affordable stock to 1,815 units. On the luxury front, Chennai (-4%) and Pune (-11%) were the only cities to register a decline in unsold inventory, while the remaining five cities saw an increase.

Anuj Puri, Chairman – ANAROCK Group, commented, “Affordable housing bore the brunt of the pandemic, with its share in total housing sales dropping from 38% in 2019 to 18% in 2024, and supply share falling from 40% to 16% in the same period. However, the 19% dip in unsold stock now points to steady end-user demand.”

He added, “Luxury housing has performed exceptionally in recent years, with its sales share rising from 7% in 2019 to 26% in 2024. But the recent inventory build-up reflects rising supply and investor wariness.”

Mid-segment housing (INR 40–80 lakh) saw a 10% annual decline in unsold stock, from 1.75 lakh to 1.58 lakh units. Premium housing (INR 80 lakh–1.5 Cr) maintained status quo, with no significant change in inventory. Overall, unsold housing stock across all segments fell 4% year-on-year, from 5.81 lakh units to 5.60 lakh units.

As of Q1 2025-end, a total of 5.59 lakh units remain unsold across the top 7 cities. Of these, both the affordable (1.12 lakh units) and luxury (1.13 lakh units) segments individually contribute to nearly 20% of the total unsold inventory.

City-wise, MMR saw an 11% decline in affordable housing stock and a 6% increase in luxury stock. NCR witnessed a 22% drop in affordable stock and a sharp 78% jump in luxury units. Bengaluru’s affordable stock dropped 51%, while its luxury inventory rose by 57%. Chennai saw a 44% dip in affordable stock and a 4% drop in luxury. Pune recorded a 28% drop in affordable inventory and 11% decline in luxury stock. Kolkata’s affordable segment fell by 20%, but its luxury stock nearly doubled (up 96%). Hyderabad saw a 9% increase in affordable stock and a 6% rise in luxury inventory.

Comments

A comrade in culture and controversy: Yao Wenyuan’s revolutionary legacy

By Harsh Thakor* This year marks two important anniversaries in Chinese revolutionary history—the 20th death anniversary of Yao Wenyuan, and the 50th anniversary of his seminal essay "On the Social Basis of the Lin Biao Anti-Party Clique". These milestones invite reflection on the man whose pen ignited the first sparks of the Great Proletarian Cultural Revolution and whose sharp ideological interventions left an indelible imprint on the political and cultural landscape of socialist China.

India's chemical industry: The missing piece of Atmanirbhar Bharat

By N.S. Venkataraman* Rarely a day passes without the Prime Minister or a cabinet minister speaking about the importance of Atmanirbhar Bharat . The Start-up India scheme is a pillar in promoting this vision, and considerable enthusiasm has been reported in promoting start-up projects across the country. While these developments are positive, Atmanirbhar Bharat does not seem to have made significant progress within the Indian chemical industry . This is a matter of high concern that needs urgent and dispassionate analysis.

Ahmedabad's Sabarmati riverfront under scrutiny after Subhash Bridge damage

By Rosamma Thomas* Large cracks have appeared on Subhash Bridge across the Sabarmati in Ahmedabad, close to the Gandhi Ashram . Built in 1973, this bridge, named after Subhash Chandra Bose , connects the eastern and western parts of the city and is located close to major commercial areas. The four-lane bridge has sidewalks for pedestrians, and is vital for access to Ashram Road , Ellis Bridge , Gandhinagar and the Sabarmati Railway Station .

Remembering a remarkable rebel: Personal recollections of Comrade Himmat Shah

By Rajiv Shah I first came in contact with Himmat Shah in the second half of the 1970s during one of my routine visits to Ahmedabad , my maternal hometown. I do not recall the exact year, but at that time I was working in Delhi with the CPI -owned People’s Publishing House (PPH) as its assistant editor, editing books and writing occasional articles for small periodicals. Himmatbhai — as I would call him — worked at the People’s Book House (PBH), the CPI’s bookshop on Relief Road in Ahmedabad.

Swami Vivekananda's views on caste and sexuality were 'painfully' regressive

By Bhaskar Sur* Swami Vivekananda now belongs more to the modern Hindu mythology than reality. It makes a daunting job to discover the real human being who knew unemployment, humiliation of losing a teaching job for 'incompetence', longed in vain for the bliss of a happy conjugal life only to suffer the consequent frustration.

No action yet on complaint over assault on lawyer during Tirunelveli public hearing

By A Representative A day after a detailed complaint was filed seeking disciplinary action against ten lawyers in Tirunelveli for allegedly assaulting human rights lawyer Dr. V. Suresh, no action has yet been taken by the Bar Council of Tamil Nadu and Puducherry, according to the People’s Union for Civil Liberties (PUCL).

Farewell to Robin Smith, England’s Lionhearted Warrior Against Pace

By Harsh Thakor* Robin Smith, who has died at the age of 62, was among the most adept and convincing players of fast bowling during an era when English cricket was in decline and pace bowling was at its most lethal. Unwavering against the tormenting West Indies pace attack or the relentless Australians, Smith epitomised courage and stroke-making prowess. His trademark shot, an immensely powerful square cut, made him a scourge of opponents. Wearing a blue England helmet without a visor or grille, he relished pulling, hooking and cutting the quicks.

Urgent need to study cause of large number of natural deaths in Gulf countries

By Venkatesh Nayak* According to data tabled in Parliament in April 2018, there are 87.76 lakh (8.77 million) Indians in six Gulf countries, namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE). While replying to an Unstarred Question (#6091) raised in the Lok Sabha, the Union Minister of State for External Affairs said, during the first half of this financial year alone (between April-September 2018), blue-collared Indian workers in these countries had remitted USD 33.47 Billion back home. Not much is known about the human cost of such earnings which swell up the country’s forex reserves quietly. My recent RTI intervention and research of proceedings in Parliament has revealed that between 2012 and mid-2018 more than 24,570 Indian Workers died in these Gulf countries. This works out to an average of more than 10 deaths per day. For every US$ 1 Billion they remitted to India during the same period there were at least 117 deaths of Indian Workers in Gulf ...

Muslim women’s rights advocates demand criminalisation of polygamy: Petition launched

By A Representative An online petition seeking a legal ban on polygamy has been floated by Javed Anand, co-editor of Sabrang and National Convener of Indian Muslims for Secular Democracy (IMSD), inviting endorsements from citizens, organisations and activists. The petition, titled “Indian Muslims & Secular Progressive Citizens Demand a Legal Ban on Polygamy,” urges the Central and State governments, Parliament and political parties to abolish polygamy through statutory reform, backed by extensive data from the 2025 national study conducted by the Bharatiya Muslim Mahila Andolan (BMMA).

Search This Blog