India’s residential real estate market recorded a strong rise in value during the July–September 2025 quarter, even as overall sales volumes remained largely steady, according to a report by PropTiger.com. The combined value of homes sold across eight major cities surged 14 per cent year-on-year to Rs 1.52 lakh crore, while total sales dipped marginally by 1 per cent to 95,547 units, highlighting a shift towards premium and luxury housing.
Southern cities led the growth wave, with Chennai posting an extraordinary 120.9 per cent increase in sales to 7,862 units. Hyderabad saw a 52.7 per cent rise to 17,658 units, while Bengaluru grew 17.6 per cent to 13,124 units. In contrast, western and northern hubs faced declines: Mumbai Metropolitan Region (MMR) fell 22.2 per cent to 23,334 units, Pune dropped 27.9 per cent to 12,990 units, and Delhi NCR sales slipped 21.2 per cent. Despite the decline, MMR remained the largest housing market in India by volume, followed by Hyderabad and Bengaluru.
New project launches saw a slight fall of 5.1 per cent year-on-year but rose 3.6 per cent quarter-on-quarter, reflecting a cautious yet optimistic builder sentiment. Kolkata emerged as an outlier, recording a remarkable 387.7 per cent jump in new launches, indicating renewed confidence in the city’s residential segment.
The PropTiger report suggests that India’s housing market is gradually maturing, with value-led growth driven by strong demand in the luxury and upper mid-segment housing. Policy support, such as GST reductions on construction materials, and stable macroeconomic conditions, have further bolstered buyer sentiment. Developers are expected to maintain momentum into the festive season, balancing limited supply with resilient premium demand. |
