India's housing market saw a significant downturn in Q1 2024, with residential property sales across the top seven cities dropping 23 per cent year-on-year. According to a report by ANAROCK Group, a total of 99,500 units were sold during this period, down from 128,000 units in Q1 2023.

Market Overview The first quarter of 2025 demonstrated resilience in India's housing market, with increasing demand for mid-segment and premium homes. While metro cities continued to dominate, tier-2 and tier-3 cities exhibited a sharp rise in home purchases, driven by affordability and improved infrastructure.