Housing market shows signs of recovery as sales volumes rise after year-long slump
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After a prolonged slump in housing sales volumes, green shoots of recovery are becoming visible. According to a recent report by Nuvama Institutional Equities, residential sales volumes in India rose 1% year-on-year in June 2025, breaking a 12-month streak of annual declines. This marginal, albeit modest, increase is significant as it is aided by a low base and may mark the beginning of a turnaround in market sentiment. While volume growth remains tepid, sales by value surged 23% YoY in June, supported by higher ticket-size deals and improved buyer confidence. The quarter (Q2CY25) witnessed a 9% YoY rise in sales value, while H1CY25 posted a 5% YoY increase, reflecting gradual momentum despite macro headwinds. Uneven demand recovery across cities Live Events The recovery, however, is not broad-based. Delhi-NCR led the demand rebound with a sharp 66% YoY increase in H1CY25, followed by Chennai with a 26% jump. In contrast, key western mark...