Post-pandemic, India’s residential market recovered in a V-shape, as seen from the 77% increase in annual housing transactions from 3.07 lakh units in FY 2019 to 5.44 lakh in FY 2025. A renewed emphasis on homeownership has been a major in driving primary sales, which took 57% of all registered residential transactions in FY 2025.
Notably, Square Yards data shows that apart from primary demand, secondary transactions have also significantly contributed to this recovery. The share of such secondary transactions has grown from 38% in the pre-pandemic period to 43% in FY 2025. Growing demand for ready-to-move-in homes, especially in key locations has led to buyers increasingly moving toward the resale market across key cities.
According to city-wise analysis, this trend has manifested differently in each city due to local supply-demand dynamics, project quality, and location-specific factors. Square Yards’ report “Primary Vs. Secondary: Unpacking Demand Trends in India’s Residential Market” dwells into these nuances of the primary and secondary residential markets in key Indian cities and the findings are as below:
- 44 lakh residential units were registered across major Indian cities in FY 2025, a 77% increase since FY 2019.
- The share of secondary transactions rose from 38% in FY 2019 to 43% in FY 2025, although a modest gain in percentage terms, it is a strong jump in volume, with such sales nearly doubling from 1.22 lakh to 2.33 lakh units.
Explore the full findings below in our report:
