By Bricksnwall | 2026-02-18
Homes that cost between ₹50 lakh and ₹2 crore
took almost a month to sell, which shows that demand was low because purchasers
were comparing several projects before making a decision.
It took almost a month to sell homes that
cost between ₹50 lakh and ₹2 crore. This shows that purchasers were being
careful and comparing different projects before making a decision. Anarock's
own AI analytics platform, ASTRA, says that purchasers are taking longer to
conclude agreements because prices are going up and there are other good
investment options available. This group is also very sensitive to house loan
rates, the cost of EMIs, and their hopes for rising prices.
In 2025, homes that cost between ₹1 crore and
₹2 crore took the longest to sell, taking about 30 days. This is a big
improvement from 47 days in 2024, which means that agreements are now closing
more than 56% faster. The study found that the climb from the lowest conversion
levels shows a change from a seller-driven market to a more cautious and
selective luxury property market.
The ₹50 lakh to ₹1 crore range came next,
with residences taking about 29 days to sell, which is about the same as last
year. This shows that demand is steady but cautious, as purchasers are still
looking at several projects before making a decision.
The time it took to convert affordable dwellings (those priced below ₹50 lakh) went from 28 days in 2024 to about 19 days in 2025. There are fewer choices in the primary market, which is why this number has gone down. There hasn't been much new supply in this area in the recent few years. The survey revealed that rising rents in major cities are also making it easier for first-time budget homebuyers to make judgments about buying a property because loans are approved more quickly, processed digitally, and credit is easier to get.
Such a shortened lead-to-buy cycle among
lower-budget buyers clearly signals necessity-driven demand in the affordable
housing segment,” says Santhosh Kumar, vice chairman, ANAROCK Group.
A closer look at the budget data shows that
the ₹1–2 crore category still has the longest conversion times, but the 17-day
decline from last year shows that transactions are picking up speed.
"People who bought homes worth between
₹50 lakh and ₹1 crore took the second longest time (~29 days) to hit the 'buy'
button, from the day they made the first payment to the day they paid the
booking amount," he said.
He goes on to say, "This rise in conversion time from the lowest point shows that the market has changed from one driven by sellers to one driven by luxury housing that is more cautious and selective." "Demand for luxury items is returning to normal now that a lot of new luxury items are coming onto the market, giving the target customers more choices."
In general, there were fewer home sales in
2025 than in 2024. Over the course of the year, it took brokerages less days to
turn initial leads into real bookings. In 2024, it took 32 days, and in 2025,
it took 26 days. The decrease in lead-to-buy conversion days is mostly because
more expensive properties are selling in the biggest cities. The statistics
showed that purchasers are taking longer to close the deal since prices are
going up, there is more new supply, and there are other investment
possibilities that look good.
People who wanted to buy residences that cost between ₹2 and ₹3 crore only had to wait 15 days to do so.
Homes that cost ₹2–3 crore, on the other
hand, had the shortest conversion time in 2025, just 15 days, down from 28 days
in 2024. This is a 13-day drop from the previous year. The investigation found
that buyers in this group are confident and see value in the product, and they
may also be afraid of missing out because there aren't many available.
People who buy homes in the ₹2-3 crore range
usually know a lot about market trends and have the money to make and carry out
judgments swiftly. For developers, this means they may charge higher prices,
prices may go up even more, and inventory will move faster. In short, this part
of the firm is currently the best at making money and making profits, it said.
Source: Hindustan Times