Housing Sales Slightly Up in Q3, New Supply Rises 3% in Top 8 Cities: Report
Residential property sales in the top eight cities saw a slight increase in the July-September quarter, with strong demand driving the market. New housing units also saw a rise, but the affordable housing segment remains constrained.
Housing SalesReal Estate ReportAffordable HousingResidential PropertiesHousing Market TrendsReal Estate NewsNov 05, 2025
A total of 94,419 new housing units were launched across the top eight residential markets during the third quarter of this year, compared to 91,863 units in the corresponding period of the previous year, the report stated.
Praveen Sharma, CEO of REA India, highlighted the challenges in the affordable housing segment. 'The price rally over the past half-decade has dampened sales in the affordable housing segment, which is vital for the sector's long-term sustainability and growth,' he said. 'While demand and supply in the premium and high-end segments remain robust, supported by strong consumer sentiment, supply in the affordable housing category has been constrained despite steady underlying demand.'
Sharma emphasized the need for a two-pronged approach: encouraging developers to boost supply in the affordable housing segment and improving affordability for end-users.
REA India, part of Australia's REA Group, owns the Housing.com portal. The company's report provides a detailed analysis of the housing market trends in major cities.
According to the data, housing sales in Ahmedabad fell 11 per cent to 8,297 units during July-September from 9,352 units in the year-ago period. However, sales in Bengaluru rose 23 per cent to 13,688 units from 11,160 units. In Chennai, sales grew 51 per cent to 5,389 units from 3,560 units. Sales in Delhi-NCR fell 14 per cent to 8,668 units from 10,098 units. In Hyderabad, sales increased 5 per cent to 12,138 units from 11,564 units. Kolkata saw an increase of 43 per cent to 4,007 units from 2,796 units. In the Mumbai region, housing sales fell 4 per cent to 28,690 units from 30,010 units. Lastly, housing sales in Pune fell 11 per cent to 15,950 units during the July-September period from 18,004 units in the corresponding period of the preceding year.
The report underscores the importance of addressing the supply and demand dynamics in the affordable housing segment to ensure the long-term health of the housing market.
Frequently Asked Questions
What is the current trend in housing sales across the top eight cities?
Housing sales in the top eight cities have slightly increased to 96,827 units in July-September, showing a marginal rise from the 96,544 units sold in the same period last year.
How has the supply of new housing units changed in the third quarter?
The supply of new housing units has risen by 3% to 94,419 units in the third quarter of this year, compared to 91,863 units in the same period last year.
What challenges does the affordable housing segment face?
The affordable housing segment faces challenges due to a price rally over the past half-decade, which has dampened sales. Despite steady underlying demand, supply in this segment remains constrained.
What approach is suggested to address the constraints in the affordable housing market?
A two-pronged approach is suggested: encouraging developers to boost supply in the affordable housing segment and improving affordability for end-users.
Which cities saw the most significant changes in housing sales?
Chennai saw the most significant increase in housing sales, growing 51% to 5,389 units. Ahmedabad and Pune saw the most significant declines, with sales falling 11% to 8,297 units and 15,950 units, respectively.
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