Housing Crisis: Top Indian Cities Grapple With Unsold Inventory
The number of unsold residential units across India’s seven major property markets increased in 2025 as new housing supply outpaced buyer demand, according to real estate consultancy Anarock.
Data from the primary housing market shows that unsold inventory stood at 5,76,617 units at the end of 2025, up from 5,53,073 units a year earlier.
This marks a 4 per cent annual rise, reflecting slower sales momentum amid steady project launches.
Sales Fall While New Launches Edge Higher
Anarock noted that housing demand softened last year, even as developers continued to add fresh inventory. Home sales across the top seven cities declined 14 per cent year-on-year to 3,95,625 units in 2025.
In contrast, new supply rose 2 per cent during the year, with 4,19,170 units launched across the same markets.
The mismatch between demand and supply contributed to the increase in unsold stock, the consultancy said.
Mixed Trends Across Property Markets
The trend varied across cities. Unsold housing stock declined in the Mumbai Metropolitan Region (MMR) and Hyderabad, while other major cities recorded increases.
In Delhi-NCR, unsold inventory rose 5 per cent to 90,455 units by the end of 2025, compared with 85,901 units in the previous year.
MMR saw a marginal improvement, with unsold homes dipping 1 per cent to 1,79,228 units from 1,80,964 units.
Bengaluru recorded the sharpest rise among the top markets, with unsold units jumping 23 per cent to 64,863 homes from 52,807 units.
Pune also saw a modest increase, as unsold inventory rose 3 per cent to 83,491 units from 80,672 units.
Hyderabad, Chennai and Kolkata Trends
Hyderabad stood out as another market showing improvement, with unsold housing stock falling 2 per cent to 96,140 units from 97,765 units.
Chennai saw a significant rise of 18 per cent in unsold units, which climbed to 33,434 homes from 28,423 units.
In Kolkata, unsold inventory increased 9 per cent to 29,007 units at the end of 2025, up from 26,542 units a year earlier.
Outlook Hinges on Interest Rates and Pricing
Looking ahead, Anarock expects housing demand to pick up if home loan interest rates decline and property prices remain stable.
Controlled pricing and improved affordability could help absorb excess inventory across major urban markets.
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