Homebuyers Rush In: Registrations Hit 5.44 Lakh as Primary & Secondary Markets Boom

Image Source: MSN

India's top 8 cities have registered 5.44 lakh housing property transactions in FY25, a 77% increase over FY2019's 3.07 lakh units, with post-pandemic homeownership desire and heightened demand for ready-to-move properties driving the increase.

Key trends:

New projects take the front: New launches accounted for 57% of sales (3.11 lakh units), led by developer discounts and easier funding.

Secondary market jump: Resales climbed to 43% market share (2.33 lakh units) as buyers remained concerned with established localities and ready-to-move-in flats.

Stars of the show: Bengaluru, Hyderabad, Mumbai, and Pune led growth, with Thane and Noida-Greater Noida seeing robust secondary market sales.

Square Yards CEO Tanuj Shori also pointed towards a "V-shaped recovery" post-coronavirus pandemic, with home ownership turning into a "safe haven" amidst economic instability.

Sources: Square Yards, Business Standard, The Hans India