January 5, 2026: Unsold housing inventory across India’s top seven cities increased by 4% in 2025 as new residential supply continued to outstrip buyer demand, according to data released by real estate consultancy Anarock. The rise came even as overall housing sales declined during the year, reflecting a more cautious market sentiment.
Anarock’s analysis of the primary residential market showed that unsold housing units across the seven major cities climbed to 5,76,617 units at the end of 2025, up from 5,53,073 units a year earlier. Explaining the trend, the consultant said, “Annually, unsold inventory in the top 7 cities rose 4% by 2025-end, largely because of tapered demand and increased new supply in the year.”
During 2025, housing sales across these cities fell 14% on an annual basis to 3,95,625 units. In contrast, new supply rose by 2% to 4,19,170 units, resulting in an accumulation of unsold stock in several markets.
City-wise data revealed mixed trends. The Mumbai Metropolitan Region (MMR) and Hyderabad were the only two regions to record a decline in unsold inventory. In MMR, unsold homes fell marginally by 1 per cent to 1,79,228 units from 1,80,964 units in 2024. Hyderabad also saw a 2 per cent drop, with unsold units reducing to 96,140 from 97,765.
However, most other cities saw notable increases. Unsold housing stock in Delhi-NCR rose 5% to 90,455 units from 85,901 units. Bengaluru witnessed the sharpest rise, with unsold inventory jumping 23% to 64,863 units from 52,807 units. Pune’s unsold stock increased 3% to 83,491 units, while Chennai recorded an 18% rise to 33,434 units. In Kolkata, unsold homes grew 9% to 29,007 units at the end of 2025.
Looking ahead, Anarock expects demand to improve if home loan interest rates soften, provided housing prices remain stable and do not rise sharply.
Source: The Hindu Businessline
