Noida
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:
Residential registrations across India’s top cities reached 5.44 lakh units in FY2025, up 77% from FY2019, reflecting a strong post-pandemic recovery and sustained end-user confidence in housing markets.
Primary market transactions accounted for 57% of total registrations, while secondary transactions rose to 43%, showing growing demand for ready-to-move homes and stronger activity in the resale segment.
The rise in secondary sales from 38% in FY2019 to 43% in FY2025 highlights a more mature residential market where both fresh launches and resale inventory are driving transaction volumes and market depth.
