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News release

09 April 2025

Luxury home demand cushions market: 65,250 units sold in Q1 2025

Q1 2025 sees 12% YoY dip in home sales to 65,246 units.

Agency leasing

Office

Government

Residential Sales (in units)	Q1 2025 Sales (No of units)	Q1 2024 sales (No of units)	Q4 2024 sales (No of units)	Y-O-Y Growth
Bengaluru	15,340	16,995	17,624	-10%
Chennai	2,648	3,373	2,272	-21%
Delhi NCR	8,290	10,153	10,402	-18%
Hyderabad	7,914	8,593	9,083	-8%
Kolkata	3,282	4,979	4,457	-34%
Mumbai	14,880	16,544	15,592	-10%
Pune	12,892	13,849	13,500	-7%
India	65,246	74,486	72,930	-12%

^{Source: Real Estate Intelligence Service (REIS), JLL Research}

Ticket Size Break Up - Sales (in INR)	Q1 2025 sales (No of units)	Q1 2024 sales (No of units)	Y-o-Y growth (%)	% share in Q1 2025 sales	% share in Q1 2024 sales
Less Than 50 Lakh	6,532	11,192	-42%	10%	15%
50 Lakh – 1.0 crore	20,085	28,140	-29%	31%	38%
Sub INR 1 crore	26,617	39,332	-32%	41%	53%
1.0 crore - 1.5 crore	13,878	14,012	-1%	21%	19%
1.5 crore – 3.0 crore	15,501	12,660	22%	24%	17%
3.0 crore – 5.0 crore	5,963	4,968	20%	9%	7%
Above 5.0 crore	3,287	3,514	-6%	5%	5%
Above INR 1 crore	38,629	35,154	10%	59%	47%
Total	65,246	74,486	-12%	100%	100%

^{Source: Real Estate Intelligence Service (REIS), JLL Research}

Residential Launches (in units)	Q1 2025 Launches	Q1 2024 Launches	Y-O-Y Growth
Bengaluru	20,484	62%
Chennai	5,417	4,262	27%
Delhi NCR	8,319	7,669	8%
Hyderabad	10,077	16,728	-40%
Kolkata	5,385	3,093	74%
Mumbai	15,291	20,224	-24%
Pune	14,874	14,518	2%
India	79,847	79,110	1%

^{Source: Real Estate Intelligence Service (REIS), JLL Research}