Residential launches dip by 5% in H1 CY25 amid market caution, rising costs: Credai

New Delhi [India],: India’s housing real estate sector, the number of units introduced in the first half of the 2025 calendar year in the same period of the last year in the same period of approximately 2.6 lakh units of approximately 2.6 lakh has witnessed the slowdown in the launch of the new project.

This represents a decrease of approximately 5 percent and points to a more cautious approach between developers developing market dynamics.

“The number of units initiated in India is decreasing from approximately 3 lakh units in H1 CY’24 to a decrease in approximately 5%in H1 CY’25,” published by the Confederation of Indian Real Estate Developers Association in cooperation with Cre Matrix.

The data of Pan India market performance shows that in the first half, 1 -stage cities in India record approximately housing sales. La3.6 Lakh Crore, with an increase of 9 percent La3.3 H1 CY 2024 Lakh Crore.

CREDAI’s July pressure of the Indian Housing Report shows that the national capital region’s share of total income increased from 23 percent to 26 percent in the same period.

Luxury apartments priced above La3 Crore, although there were 25,000 modest volumes sold, made up 73 percent of the NCR sales value. Mumbai Metropol Region, closely with 23 percent income share, 9 percent growth in sales value and 75,000 units and average ticket size increased by 16 percent.

On the other hand, Haydarabad’s income market share fell significantly from 21 percent to H1 CY’25 in H2 CY’23.

Meanwhile, on the positive side, the average ticket size of the houses sold has increased sharply. The average ticket size climbed La1.13 Crore in H2 CY23 LaIn H1 CY25, 1.42 crore shows data.

In the south, Chennai appeared as a slum and increased by 23 percent of the sales value with an increase of 11,000 units and average ticket size sold by 12 percent. The new launch in Chennai grew from 14,000 to 19,000 despite the market share of the following houses La70 Lakh fell from 23 percent to 17 percent.

Bengaluru provided a stable growth supported by an increase of 4 percent in sales value and 30,000 units sold, with a ticket size of 17 percent. However, the share of houses La70 Lakh and La1.5 Crore fell from 38 percent to 32 percent.

Hyderabad, a 2 percent increase in sales value, while 11 percent decrease unit was sold, but 23,000 to 42,000 units doubled the new launch and showed that despite the slow absorption showing the developer optimism.

This article was created from an automatic news agency feeding without changing the text.