By Admin 
Budget 2026-27: There has been a decline in residential sales in the top eight major cities of the country during the year 2025. According to data from real estate advisory company PropTiger, a total of 3,86,365 residential units were sold in these cities in 2025, which is about 12 percent less than the 4,36,992 units recorded in 2024. Increasing caution of buyers, high prices and impact of interest rates are considered to be the main reasons behind this decline. However, this situation does not indicate the end of demand, rather it shows that buyers are now taking decisions more thoughtfully than before.
Decline in sales of residential homes
However, major cities of South India have performed better during this recession. Residential sales in Bengaluru, Hyderabad and Chennai are expected to grow by 15 percent to more than 1.33 lakh units during 2025. In these cities, IT and service sector jobs, stable income and availability of affordable and mid-segment housing strengthened the demand. Apart from this, a slight increase in residential sales was also recorded in Kolkata, while sales have declined in big markets like Mumbai Metropolitan Region, Delhi-NCR, Pune and Ahmedabad.
Omkar S., Executive Director, Aurum Proptech. According to , the year 2025 should be considered a year of recombination rather than decline in demand. He says that developers adopted a balanced strategy by controlling the supply, due to which the prices remained stable despite the low sales. This makes it clear that despite market volatility, the real estate sector remains fundamentally strong.
Expecting big decisions
There are positive expectations in the real estate sector regarding the upcoming Union Budget. Industry experts believe that if the budget increases the tax exemption limit on home loans, gives relief in stamp duty and encourages affordable and mid-income housing, then housing demand can get a new impetus. Along with this, increased investment in urban infrastructure, roads, metro and connectivity projects is expected to provide long-term support to the real estate sector.
The real estate industry believes that policy stability and simple approval processes can play an important role in increasing investor confidence. According to experts, a balanced and visionary budget will not only bring relief to home buyers but will also create new opportunities for developers and investors, which can strengthen the growth of the real estate sector in the coming years.
What do experts say?
Experts associated with the real estate sector believe that policy stability and clarity will further strengthen investor confidence, which can boost domestic as well as foreign investment. He says if approval processes are simplified and reforms like single-window clearance are implemented, timely delivery of projects will be ensured and costs for developers will also be reduced. This will increase transparency in the entire sector and provide long-term strength to the market.
Neeraj K, Executive Director of Ganga Realty. Mishra says that the real estate sector plays an important role in the economic progress of the country and he expects practical relief from the upcoming budget. According to him, increasing the tax deduction limit on home loans and giving additional incentives to affordable housing will strengthen end-user demand. Additionally, continued focus on infrastructure development will create new employment opportunities and sustain the growth of the sector. A balanced and visionary budget can open doors to new possibilities for real estate.
At the same time, Saransh Trehan, Managing Director of Trehan Group, believes that mid-income and affordable housing needs to be given priority in the budget. He said that relief in stamp duty and simplification of approval processes will speed up the pace of projects. Also, increased investment in urban infrastructure and connectivity will support real estate demand in the long run and further strengthen home buyer confidence.