Housing Sales Decline 9% in Top Cities; Premium Segments Drive Value Growth
Housing sales in the top seven cities are projected to fall by 9% in the third quarter of 2023, while the value of transactions is expected to rise by 14%. Pune and Delhi-NCR are witnessing double-digit declines in sales.
Housing SalesReal EstatePremium HousingLuxury HousingMarket HealthReal Estate PuneSep 25, 2025
Sales continued to outstrip new supply in the quarter, reflecting continued market health, Anarock Chairman Anuj Puri said.
The rise in sales in value terms is because of more transactions in the premium and luxury housing segments. Moreover, the housing prices have appreciated over the last one year.
As per the data, housing sales in the Mumbai Metropolitan Region (MMR) are estimated to drop 16 percent in the July-September quarter to 30,260 units from 36,195 units in the year-ago period.
Pune and Delhi-NCR witness double-digit decline in housing sales. In Pune, housing sales are set to fall 13 percent to 16,620 units from 19,045 units. Housing sales in Delhi-NCR could decrease 11 percent to 13,920 units from 15,570 units. In Bengaluru, sales might slip 1 percent to 14,835 units from 15,025 units. Sales in Hyderabad are estimated to decline 11 percent to 11,305 units from 12,735 units.
In Kolkata, 4,130 units are expected to be sold in the September quarter of 2025, an increase of 4 percent from 3,980 units in the corresponding quarter in 2024.
Lastly, the sales of residential properties in Chennai are likely to rise 33 percent to 6,010 units during the July-September period from 4,510 units in the corresponding period of the preceding year.
Frequently Asked Questions
What is the overall trend in housing sales across the top seven cities?
Housing sales across the top seven cities are projected to fall by 9% in the third quarter of 2023.
Why is there a rise in the value of housing transactions despite the decline in sales?
The rise in the value of housing transactions is due to more transactions in the premium and luxury housing segments, along with an appreciation in housing prices over the last year.
Which cities are witnessing the highest decline in housing sales?
Pune and Delhi-NCR are witnessing double-digit declines in housing sales, with Pune seeing a 13% drop and Delhi-NCR a 11% drop.
How has the housing market in Chennai performed?
Housing sales in Chennai are likely to rise by 33% to 6,010 units during the July-September period from 4,510 units in the corresponding period of the preceding year.
What is the expected trend in housing sales in Kolkata?
In Kolkata, 4,130 units are expected to be sold in the September quarter of 2025, an increase of 4% from 3,980 units in the corresponding quarter in 2024.
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