Housing Sales Decline 1% in Q3 2025 Across India; Southern Cities Thrive
While housing sales across India's top markets experienced a 1% year-on-year (YoY) decline in Q3 2025, southern cities like Hyderabad and Chennai showed robust growth, according to the PropTiger report.
Housing SalesReal EstateProptigerPremium HousingMarket TrendsReal Estate NewsOct 15, 2025
The digital real estate platform reported that the total value of transactions surged 14% to ₹1.52 lakh crore, reflecting a strong shift toward premium housing. Despite the slight drop in sales volume, higher-value properties continued to dominate purchases, underscoring the resilience of the premium and luxury housing segment, the report said.
“India’s housing market is moving from a volume-led recovery to a more mature, value-driven phase,” said Onkar Shetye, executive director, Aurum PropTech. “The premium segment remains the key growth engine, supported by stable interest rates, strong buyer sentiment, and reforms such as the GST cut on cement. The festive quarter will be a key test of whether the market can sustain this momentum while addressing affordability challenges.”
PropTiger’s quarterly insights cover India’s top eight housing markets: Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, NCR (Gurugram, Noida, Greater Noida, Ghaziabad, Faridabad), MMR (Mumbai, Navi Mumbai, Thane), and Pune.
Southern cities emerged as growth drivers, with Chennai sales jumping 120.9% YoY to 7,862 units, while Hyderabad rose 52.7% to 17,658 units. Bengaluru also registered a 17.6% YoY rise to 13,124 units. In contrast, Western markets saw steep declines. The Mumbai Metropolitan Region (MMR) fell 22.2% to 23,334 units, while Pune dropped 27.9% to 12,990 units. Despite the dip, MMR continued to dominate national sales with a 24.4% share, followed by Hyderabad (18.5%), Bengaluru (13.7%), and Pune (13.6%).
Delhi-NCR also saw a 21.2% decline to 7,961 units, while Kolkata managed a moderate 33.4% rise to 3,729 units.
New project launches across major cities stood at 91,807 units, marking a 5.1% annual decline. However, quarter-on-quarter, supply rose 3.6%, reflecting cautious optimism among developers focused on high-value projects. Southern and eastern cities again outperformed; Kolkata saw a 387.7% surge to 3,469 units, while Chennai’s launches more than doubled (up 105%). Hyderabad followed with a 46.6% rise with 12,530 units, and Pune grew 26.7% YoY to 13,543 units.
On the other hand, Delhi-NCR and Bengaluru recorded a sharp YoY decline of 55.7% and 57.8%, respectively, indicating moderation in key northern and southern IT markets.
Frequently Asked Questions
What was the overall trend in housing sales in Q3 2025?
Housing sales across India’s top residential markets saw a 1% year-on-year (YoY) decline in Q3 2025, with significant dips in MMR, Pune, and Delhi-NCR.
Which cities saw the highest growth in housing sales?
Southern cities like Chennai and Hyderabad saw the highest growth, with Chennai sales jumping 120.9% YoY and Hyderabad rising 52.7% YoY.
What was the trend in the value of housing transactions?
The total value of housing transactions surged 14% to ₹1.52 lakh crore, reflecting a strong shift toward premium housing.
How did new project launches perform in Q3 2025?
New project launches across major cities stood at 91,807 units, marking a 5.1% annual decline. However, quarter-on-quarter, supply rose 3.6%, with southern and eastern cities outperforming.
What factors are driving the premium housing segment?
The premium housing segment is driven by stable interest rates, strong buyer sentiment, and reforms such as the GST cut on cement.
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