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

By Jag Jivan

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

Plastic burning in homes threatens food, water and air across Global South: Study

By Jag Jivan In a groundbreaking study spanning 26 countries across the Global South , researchers have uncovered the widespread and concerning practice of households burning plastic waste as a fuel for cooking, heating, and other domestic needs. The research, published in Nature Communications , reveals that this hazardous method of managing both waste and energy poverty is driven by systemic failures in municipal services and the unaffordability of clean alternatives, posing severe risks to human health and the environment.

Economic superpower’s social failure? Inequality, malnutrition and crisis of India's democracy

By Vikas Meshram India may be celebrated as one of the world’s fastest-growing economies, but a closer look at who benefits from that growth tells a starkly different story. The recently released World Inequality Report 2026 lays bare a country sharply divided by wealth, privilege and power. According to the report, nearly 65 percent of India’s total wealth is owned by the richest 10 percent of its population, while the bottom half of the country controls barely 6.4 percent. The top one percent—around 14 million people—holds more than 40 percent, the highest concentration since 1961. Meanwhile, the female labour force participation rate is a dismal 15.7 percent.

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.

From colonial mercantilism to Hindutva: New book on the making of power in Gujarat

By Rajiv Shah Professor Ghanshyam Shah ’s latest book, “ Caste-Class Hegemony and State Power: A Study of Gujarat Politics ”, published by Routledge , is penned by one of Gujarat ’s most respected chroniclers, drawing on decades of fieldwork in the state. It seeks to dissect how caste and class factors overlap to perpetuate the hegemony of upper strata in an ostensibly democratic polity. The book probes the dominance of two main political parties in Gujarat—the Indian National Congress and the BJP—arguing that both have sustained capitalist growth while reinforcing Brahmanic hierarchies.

History, culture and literature of Fatehpur, UP, from where Maulana Hasrat Mohani hailed

By Vidya Bhushan Rawat* Maulana Hasrat Mohani was a member of the Constituent Assembly and an extremely important leader of our freedom movement. Born in Unnao district of Uttar Pradesh, Hasrat Mohani's relationship with nearby district of Fatehpur is interesting and not explored much by biographers and historians. Dr Mohammad Ismail Azad Fatehpuri has written a book on Maulana Hasrat Mohani and Fatehpur. The book is in Urdu. He has just come out with another important book, 'Hindi kee Pratham Rachna: Chandayan' authored by Mulla Daud Dalmai.' During my recent visit to Fatehpur town, I had an opportunity to meet Dr Mohammad Ismail Azad Fatehpuri and recorded a conversation with him on issues of history, culture and literature of Fatehpur. Sharing this conversation here with you. Kindly click this link. --- *Human rights defender. Facebook https://www.facebook.com/vbrawat , X @freetohumanity, Skype @vbrawat

The greatest threat to our food system: The aggressive push for GM crops

By Bharat Dogra Thanks to the courageous resistance of several leading scientists who continue to speak the truth despite increasing pressures from the powerful GM crop and GM food lobby , the many-sided and in some contexts irreversible environmental and health impacts of GM foods and crops, as well as the highly disruptive effects of this technology on farmers, are widely known today.

UP tribal woman human rights defender Sokalo released on bail

By A Representative After almost five months in jail, Adivasi human rights defender and forest worker Sokalo Gond has been finally released on bail.Despite being granted bail on October 4, technical and procedural issues kept Sokalo behind bars until November 1. The Citizens for Justice and Peace (CJP) and the All India Union of Forest Working People (AIUFWP), which are backing Sokalo, called it a "major victory." Sokalo's release follows the earlier releases of Kismatiya and Sukhdev Gond in September. "All three forest workers and human rights defenders were illegally incarcerated under false charges, in what is the State's way of punishing those who are active in their fight for the proper implementation of the Forest Rights Act (2006)", said a CJP statement.

Would breaking idols, burning books annihilate caste? Recalling a 1972 Dalit protest

By Rajiv Shah A few days ago, I received an email alert from a veteran human rights leader who has fought many battles in Gujarat for the Dalit cause — both through ground-level campaigns and courtroom struggles. The alert, sent in Gujarati by Valjibhai Patel, who heads the Council for Social Justice, stated: “In 1935, Babasaheb Ambedkar burnt the Manusmriti . In 1972, we broke the idol of Krishna , whom we regarded as the creator of the varna (caste) system.”

May the Earth Be Auspicious: Vedic ecology and contemporary crisis in Ashok Vajpeyi’s poetry

By Ravi Ranjan* Ashok Vajpeyi, born in 1941, occupies a singular position in contemporary Hindi poetry as a poet whose work quietly but decisively reorients modern literary consciousness toward ethical, ecological, and civilizational questions. Across more than six decades of writing, Vajpeyi has forged a poetic idiom marked by restraint, philosophical attentiveness, and moral seriousness, resisting both rhetorical excess and ideological simplification.

Search This Blog