Layoffs in expensive houses and IT sector! Home sales decreased by 14% in 7 big cities, will prices reduce now?

Anarock Report on Real Estate: There has been a sharp decline of 14% in house sales in seven major cities of the country. This decline has come due to the rise in house prices and layoffs in the IT sector. Anarock gave this information in a report on Friday. However, according to the report of the real estate consultant firm, despite the decline in sales, due to increase in house prices, the total sales value increased by 6 percent this year to more than Rs 6 lakh crore.

According to the report, a total of 3,95,625 houses were sold in the residential markets of Mumbai Metropolitan Region (MMR), Delhi-NCR, Bengaluru, Pune, Kolkata, Hyderabad and Chennai this year, while 4,59,645 units were sold in 2024. The consultant company said that residential demand remained under pressure this year due to continuous increase in house prices, start of layoffs in the IT sector, tensions around the world and other economic uncertainties.

Home sales decreased in six cities

There was a decline in home sales in six major cities during the year 2025. Chennai was the only residential market where there was an increase in home sales. According to city-wise data, residential sales in MMR declined by 18 per cent to 1,27,875 units. In Pune, sales fell by 20 per cent to 65,135 units, while in Bengaluru it declined by five per cent to 62,205 units.

Decline in Delhi-NCR also

Home sales in the Delhi-NCR market, which has grown very rapidly in the last few years, declined by 8 percent to 57,220 units. The highest decline of 23 percent in residential sales was recorded in Hyderabad and it stood at 44,885 units. Sales in Kolkata also declined by 12 percent to 16,125 units. On the other hand, sales in Chennai increased by 15 percent to 22,180 units. Anarock said average residential prices across seven major cities are expected to rise eight per cent to Rs 9,260 per sq ft by 2025 from Rs 8,590 per sq ft at the end of last year.

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The condition of real estate in 2026?

Anarock Chairman Anuj Puri said that the year 2025 was full of geopolitical turmoil, layoffs in the IT sector and global economic uncertainties. But interestingly the growth rate of average housing prices has slowed down to single digits from double digits in previous years. He also said that the performance of the residential sector in 2026 will depend on whether reserve Bank of India How much does RBI cut interest rates and what measures are taken to control prices at the developer level.