10 Key Trends in India's Real Estate Market in Q3 2025: Sales Drop, Luxury Boom, and Price Surge
Housing sales in India's top seven cities fell 9% year-on-year to 97,080 units in Q3 2025, but the overall sales value increased by 14% to ₹1.52 lakh crore, driven by strong demand for luxury homes.
Real EstateHousing MarketLuxury HomesProperty PricesUnsold InventoryReal EstateOct 01, 2025
While home sales dipped in Q3 2025, new housing launches across the top seven cities rose 3% year-on-year to 96,690 units. Despite this increase, sales continued to outpace new supply. This indicates that demand for homes remains steady and strong. The trend points to a healthy property market balance across major cities.
In city-wise trends, Mumbai Metropolitan Region (MMR) led with 30,260 units sold, though this marked a 16% year-on-year drop. Pune followed with 16,620 units, down 13% from last year, while NCR saw sales of 13,920 units, an 11% decline. On the positive side, Chennai recorded 6,010 units, up 33% year-on-year, and Kolkata saw a 4% rise with 4,130 units sold.
In Q3 2025, Mumbai Metropolitan Region (MMR) saw stable housing sales at 29,565 units, flat year-on-year. Pune recorded a sharp 56% jump with 19,375 units, while Bengaluru slipped 5% to 15,190 units. NCR posted an 11% decline with 12,645 units, and Hyderabad saw the steepest fall at 38%, clocking 8,630 units. Meanwhile, Chennai grew 38% with 6,395 units, and Kolkata surged 56% to 4,890 units.
In Q3 2025, luxury homes priced above ₹1.5 crore made up 38% of new housing supply, while premium units in the ₹80 lakh–₹1.5 crore range accounted for 24%. Mid-segment homes between ₹40–80 lakh formed 23% of the share, and affordable homes under ₹40 lakh stood at 16%. The data shows that luxury and premium housing continue to drive the bulk of market demand and growth.
Unsold housing inventory across the top cities stood at 5,61,756 units in Q3 2025, slightly lower than 5,64,415 units a year ago. The marginal drop highlights how steady demand absorbed much of the new supply. This stability in inventory reflects the resilience of homebuyers. It also indicates a balanced trend in the housing market despite varied city-level performances.
Average housing prices across the top seven cities rose 9% year-on-year to ₹9,105 per sq. ft. NCR led the surge with a 24% jump, the highest among all regions. Bengaluru followed with a 10% increase, while the other cities recorded single-digit growth. This reflects a phase of moderation after three years of sharp price hikes.
Mumbai Metropolitan Region (MMR) and Pune emerged as regional leaders in the real estate market. MMR maintained its position with 29,565 units sold, though there was no year-on-year change. Pune saw a significant 56% increase with 19,375 units, making it a standout performer in the region.
Frequently Asked Questions
What was the overall trend in housing sales in India's top cities in Q3 2025?
Housing sales in India's top seven cities fell 9% year-on-year to 97,080 units in Q3 2025, but the overall sales value increased by 14% to ₹1.52 lakh crore, driven by strong demand for luxury homes.
How did new housing launches compare to sales in Q3 2025?
New housing launches across the top seven cities rose 3% year-on-year to 96,690 units, but sales continued to outpace new supply, indicating strong demand.
Which cities saw the most significant changes in housing sales in Q3 2025?
Chennai recorded a 33% year-on-year increase with 6,010 units sold, while Pune saw a sharp 56% jump in new supply to 19,375 units. On the downside, Hyderabad saw the steepest fall at 38%, clocking 8,630 units sold.
What segments of the housing market are driving growth in Q3 2025?
Luxury homes priced above ₹1.5 crore made up 38% of new housing supply, and premium units in the ₹80 lakh–₹1.5 crore range accounted for 24%, indicating that luxury and premium housing continue to drive market demand and growth.
How did housing prices perform in Q3 2025?
Average housing prices across the top seven cities rose 9% year-on-year to ₹9,105 per sq. ft., with NCR leading the surge with a 24% increase and Bengaluru following with a 10% increase.
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