Real Estate Boom Continues: Housing Transactions Reach Rs. 5.44 Lakh Units in FY25, up 77%!

Unpacking Demand Trends in India’s Residential Market-Titled: 'Primary vs. Secondary’ reported by real estate platform Square Yards. The report highlights the continued strong recovery of the housing sector post-pandemic, with sustained momentum across both primary and secondary segments. Residential property registrations across India’s leading cities soared to Rs.  5.44 lakh units in FY2025, marking an impressive 77 percent jump from Rs.  3.07 lakh units in FY2019.

The rates of 57 percent were primary market transactions, while the remaining 43 percent came from secondary sales, out of the total registered units. In particular, the share of secondary market transactions has been on a steady rise, up from 38 percent in FY2019, indicating a growing demand for ready-to-move-in homes, especially in key urban centers. 

Tanuj Shori, the CEO & founder of Square Yards commented, “The residential market has witnessed a remarkable V-shaped recovery since the pandemic.” The secondary transactions have gained traction, with volumes rising from Rs. 1.22 lakh in FY2019 to Rs. 2.33 lakh in FY2025."

Nearly 72,000 residential transactions in FY2025 were recorded by Bengaluru, with the primary market accounting for 54 percent of the activity. The secondary market’s share jumped from 31 percent in FY2019 to 46 percent, driven by strong demand for ready-to-move-in homes and a booming IT sector attracting professionals to the city.

In Noida and Greater Noida, the secondary market gained momentum, with its share increasing by 11 percent to reach 40 percent. This shift was fueled by heightened interest from both end-users and investors, urged by the upcoming Jewar International Airport. A limited supply of new housing, particularly in the affordable segment, has also steered more buyers toward the resale market.

Mumbai continued to dominate the secondary market, registering around 69,000 resale transactions, up significantly from 36,000 in FY2019. At the same time, primary sales in the city doubled to 71,000 units, propelled by a wave of redevelopment-driven project launches in prime central areas.