Slodown in housing sector, 32% decline in sales of homes, due to which people are not buying property
Property market It is vulnerable to lethargy. In the first six months of this year, there has been a big fall of 32% in sales of flats worth less than Rs 1 crore. This information has been received from the report of real estate advisor JLL India. However, during this period, there was a slight five percent increase in sales of luxury homes. According to the report, in January-June, 2025, the sales of houses in seven cities-Mumbai Metropolitan Region (MMR), Delhi-NCR, Kolkata, Chennai, Hyderabad, Bangalore and Pune declined 13 percent annually to 1,34,776 units annually. These figures include apartments of all categories. Rohaouse, villas and plots are not included in it. According to the data, sales of flat (less than Rs 1 crore) in January-June fell by 32 percent to 51,804 units annually. However, during this period, sales of premium apartments (more than Rs 1 crore) increased by six percent to 82,972 units.
Because of this people are not buying homes
Real estate experts say that the property of the property is due to the decline in sales of homes. Middle class people are unable to buy the home of their dreams because the price has gone out of their budget. This has reduced demand. Significantly, after the Korona epidemic, there was a quick bounce in the demand of houses. Taking advantage of this opportunity, the builder and broker increased the price of property in the last 4 years. The price of 2 BHK flats received for 40 to 50 lakh rupees has increased to 1 crore in the last 3 years. People’s income has not increased rapidly. Now they are not able to buy their house even if they want to.
Stake decreased from 49% to 38%
JLL India said that during the first half of 2025, the share of Rs 1 crore and above was about 62 percent of the total sales, compared to the total sales, compared to 51 percent in the same period last year. The share of houses priced below Rs 1 crore in the period under review declined from 49 percent to 38 percent in total sales. JLL India Chief Economist and Head of Research Head Samantak Das said that the continuous growth in sales of luxury homes indicates the increasing prosperity of buyers, the changing lifestyle aspirations and increasing demand for large housing.
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