Synopsis– India’s housing sales in top seven cities experienced a drop of 9% in Q3 quarter of 2025. But the overall market rose by 14% due to strong demand of Premium properties.
India’s housing sales in the top seven cities experienced a varied scenario during Q3 quarter i.e- July–September of 2025. Although the sales volume fell 9% YoY, the aggregate market value increased sharply, indicating an increase in the demand for luxury properties. Anarock Property Consultant stated that total deals fell to approximately 97,080 units from 1,07,060 units in Q3 2024 but the market value increased 14% to ₹1.52 lakh crore.
Luxury Houses Support the Market
The fall in sales was mostly countered by high demand for upscale houses. Homes priced over ₹1.5 crore emerged as the most wanted among most buyers, and with the price of residential property increasing by almost 9% on average across big cities, the overall value of the market grew. National Capital Region (NCR) topped the growth graphs with a 24% year-on-year increase.
City-Wise Snapshot
- Mumbai Metropolitan Region (MMR): Sales fell 16% to 30,260 units from 36,195 during the previous year, but the city remained on top in volumes.
- Pune: Dealings decreased by 13% to 16,620 units.
- Delhi-NCR: There was an 11% drop with 13,920 houses being sold.
- Bengaluru: Sales were nearly flat with a marginal 1% decline to 14,835 units.
- Hyderabad: Suffered an 11% decline to 11,305 units.
- Chennai: Defied the trend with a robust 33% increase to 6,010 units.
- Kolkata: Recorded modest growth of 4% to 4,130 units.
Also read: Top Realty Developers Offering Branded Residences in India 2025
Quarter-on-Quarter Trends
India’s luxury housing space expanded 85% in the first half of 2025 on the back of rising affluence, investor sentiment, and lifestyle desires. Delhi-NCR spearheaded almost 57% of sales, followed by Mumbai and other metro areas, recording strong performance. In terms of housing demand, sales went up modestly from 96,300 units in Q2 to 97,080 units in Q3 2025, an increment of 1%. Even more significantly, the aggregate transaction value increased from ₹1.47 lakh crore to ₹1.52 lakh crore, almost a 3% increase. Inventory conditions tightened in the leading cities, reflecting solid absorption in spite of rising property prices.
Outlook for the Housing Market
The variations in performance between cities indicate a change in market scenario. Hubs such as MMR, Pune, NCR, and Hyderabad experienced slowdowns, whereas Chennai and Kolkata maintained growth, with Chennai leading the charge in its double-digit growth. Experts foresee luxury and premium properties continuing to push market value, while affordable housing can be expected to experience pressure due to increasing costs and declining buyer affordability.
Written by Vijetha V Gosi
