New Delhi: Housing property registrations stood at 5.44 lakh units in the last fiscal year across eight major cities, including Mumbai, Bengaluru and Hyderabad, up 77 percent from the 2018-19 fiscal, according to Square Yards.
Other major property markets include Navi Mumbai, Thane, Pune, Noida and Greater Noida.
On Friday, real estate consultant Square Yards released a report, ‘Primary vs Secondary: Unlocking demand trends in India’s residential market’, which showed that the primary market (first sales) accounted for 57 percent of total registrations, while the secondary market (resales) accounted for the remaining 43 percent in 2024-25.
The data covers residential transactions for apartments, plots and villas.
In terms of volume, secondary transactions grew from 1.22 lakh units in FY19 to 2.33 lakh units in FY25. During the same period, primary market transactions grew from 1.84 lakh units to 3.11 lakh units.
Tanuj Shori, CEO and Founder, Square Yards, said: “The residential market has witnessed a remarkable V-shaped recovery since the pandemic, as evidenced by the sharp increase in annual housing transactions – from 3.07 lakh units in FY19 to 5.44 lakh in FY25, a remarkable growth of 77 percent.
This strong growth cycle is largely driven by a renewed preference for home ownership, which has boosted primary sales.” The secondary market has also gained considerable traction, with its share growing from 38 percent in the pre-pandemic period to 43 percent in FY25.
“The growing preference for ready homes – especially in well-connected and established locations – has attracted more buyers to the secondary segment. The growth in secondary sales is evident not only in terms of market share but also in terms of absolute transaction volumes,” Shori said.
