Key Highlights
- Anuj Puri, Chairman of ANAROCK Group, describes the current situation as a “perplexing point in India’s housing history.” According to ANAROCK Research, the total value of homes sold in 2025 rose 6% year-on-year to nearly ₹6 lakh crore.
- Institutional investments also surged 51% in 2024 to $8.9 billion.
- However, these topline figures mask a sharp contraction in volumes, with the number of homes sold falling 14% in 2025.
- “The market now clearly favours the rich,” Puri notes, pointing to a 170% spike in luxury home sales, even as affordable housing languishes.
- Affordable homes accounted for just 18% of total supply in 2025, down sharply from 38% in 2019, highlighting what he calls a “structural crisis” rather than a cyclical slowdown.
