Shift in Homebuyer Preferences Drives Value Growth in Indian Housing Market

Housing sales in India's top eight cities fell by 5% in units but rose 9% in value during the first half of 2025, reflecting a shift towards premium homes. CREDAI and CRE Matrix report indicates rising aspirations and improved purchasing power, while quality and location gain precedence over quantity.

Devdiscourse News Desk | New Delhi | Updated: 31-07-2025 14:19 IST | Created: 31-07-2025 14:19 IST

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Housing sales across India's top eight cities dipped by 5% in the first half of 2025, yet witnessed a 9% surge in value, according to a report by CREDAI and data firm CRE Matrix. This shift underscores homebuyers' evolving preferences towards larger, more premium residences.

Despite a drop in unit sales to 2.53 lakh from 2.67 lakh units year-on-year, sales values climbed to Rs 3.59 lakh crore, driven by a rise in residential property prices. 'The demand is moving steadily towards better-located and larger homes,' remarked CREDAI National President Shekhar Patel.

The report highlights a 21% rise in NCR's housing value despite lower volumes, marking a shift towards quality over quantity. Additionally, Delhi-NCR's value market share increased to 26% from 23%, fueled by luxury housing demand in Gurugram and Noida.

(With inputs from agencies.)