MMR housing sales Archives - Square Feat India https://squarefeatindia.com/tag/mmr-housing-sales/ Real Estate News Website Thu, 26 Jun 2025 09:28:04 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://squarefeatindia.com/wp-content/uploads/2019/12/squrefeatindia_favicon.png MMR housing sales Archives - Square Feat India https://squarefeatindia.com/tag/mmr-housing-sales/ 32 32 MMR Records Highest Home Sales in Q2 2025 Even as India Sees 20% Decline https://squarefeatindia.com/mmr-records-highest-home-sales-in-q2-2025-even-as-india-sees-20-decline/ Sun, 29 Jun 2025 09:25:20 +0000 https://squarefeatindia.com/?p=9417 Despite a 20% dip in India’s housing sales during Q2 2025, Mumbai Metropolitan Region (MMR) held its ground as the country’s largest residential market, recording over 31,000 unit sales. Developers scaled back launches, but luxury and mid-segment homes remained dominant.

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]]> Despite rising property prices and global geopolitical tensions, the Mumbai Metropolitan Region (MMR) remains India’s top residential market in Q2 2025. According to ANAROCK Research, while housing sales across the top 7 cities dropped by 20% YoY, MMR alone contributed over 31,275 units, the highest among all cities.

🏠 Q2 Housing Sales: MMR Tops Despite Nationwide Dip

India saw 96,285 units sold in Q2 2025, down from 1.2 lakh units in Q2 2024. MMR accounted for one-third of all sales, maintaining its lead despite a 25% annual decline.

City-wise Housing Absorption (Units Sold)

CityQ2 2025Q1 2025% Change (Q-o-Q)Q2 2024% Change (YoY)
MMR31,27531,610-1%41,540-25%
Pune15,41016,100-4%21,145-27%
Bengaluru15,12015,0001%16,355-8%
NCR14,25512,52014%16,550-14%
Hyderabad11,04010,1009%15,085-27%
Chennai5,6604,05040%5,10011%
Kolkata3,5253,900-10%4,560-23%
Total96,28593,2803%1,20,335-20%

“The second quarter of 2025 was a rollercoaster for the housing sector. Global and domestic tensions led many buyers to pause. Yet, MMR remains the largest housing market,” said Anuj Puri, Chairman, ANAROCK Group.

⚡ New Launches Decline in MMR, But Remain Strong

New supply across India dropped 16% YoY, but MMR saw the highest number of units launched—28,165 units—despite an 8% drop over Q1.

City-wise New Launches (Units)

CityQ2 2025Q1 2025% Change (Q-o-Q)Q2 2024% Change (YoY)
MMR28,16530,755-8%44,120-36%
NCR18,76011,12069%17,03010%
Bengaluru15,34520,855-26%16,015-4%
Pune14,22016,860-16%18,920-25%
Hyderabad11,10510,2758%13,750-19%
Chennai8,5254,75579%5,18065%
Kolkata2,5055,400-54%2,15017%
Total98,6251,00,020-1%1,17,165-16%

“Developers were cautious in Q2. MMR led supply but cut back compared to last year due to high inventory and price pressures,” said Puri.

📉 Inventory & Price Trends: MMR Holds Despite Pressure

Unsold inventory across India marginally increased to 5.62 lakh units, while MMR still has one of the highest volumes. Yet, price hikes across cities continued, with NCR seeing a 27% YoY rise and Bengaluru 12%. MMR held steady with modest quarterly movement.

“If prices remain under control and interest rates stay low, we could see a rebound in Q3,” Puri added.

📊 Segment Focus: Luxury Still Leads New Supply

  • 46% of new launches were in the luxury & ultra-luxury segment (>INR 1.5 Cr)
  • Mid (INR 40–80 lakh) and Premium (INR 80 lakh–1.5 Cr) segments saw 21% each
  • Affordable housing contributed just 12%

MMR continues to focus heavily on mid and upper-mid segment housing, catering to aspirational buyers and investors alike.

Also Read: New Home Launches Dominate Sales in Top 7 Indian Cities in 2024

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