Housing Demand Soars: Residential Transactions Grow 77% from FY19 to FY25

Residential transactions across key Indian cities witnessed a notable 77% increase between FY19 and FY25, reaching a total of 5.44 lakh units, according to a report by Square Yards. This data underscores a strong resurgence in homebuying activity, reflecting changing consumer preferences and robust demand for housing post-pandemic.

Primary and Secondary Markets: A Closer Look

Out of the total transactions recorded, the primary market accounted for 57%, while secondary sales comprised the remaining 43%. Primary market transactions rose from 1.84 lakh units in FY19 to 3.11 lakh units in FY25. Meanwhile, secondary transactions also saw a significant jump from 1.22 lakh units to 2.33 lakh units during the same period.

Focus on Seven Key Indian Cities

The Square Yards analysis covered seven major Indian cities: Bengaluru, Hyderabad, Mumbai, Navi Mumbai, Noida & Greater Noida, Pune, and Thane. These cities collectively represented the substantial uptick in residential registrations, highlighting urban centres as primary drivers of India’s housing recovery.

Rise of the Secondary Market

The secondary market has notably gained traction in recent years. Its share increased from 38% in the pre-pandemic period to 43% in FY25, indicating a shift in buyer preferences. Ready-to-move-in properties, especially those located in well-established and well-connected areas, have become particularly attractive to prospective homeowners.

Read More: India’s Housing Finance Market is Expected to Reach ₹81 Trillion by FY30. 

Insights from Square Yards’ CEO

Mr Tanuj Shori, CEO and Founder of Square Yards, commented that the residential market has experienced a “remarkable V-shaped recovery” since the pandemic. He highlighted that the surge in secondary market transactions underscores growing buyer confidence in pre-owned homes and established neighbourhoods, aligning with broader trends favouring immediate possession and stable locations.

Conclusion 

The surge in residential transactions between FY19 and FY25 highlights the resilience of India’s housing market. Growing demand for ready-to-move-in properties continues to shape buying patterns across key cities.

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