Housing Sales Slump 12% in Top Seven Cities; Pune and Chennai Show Resilience
In the first nine months of 2025, housing sales in India's top seven cities witnessed a 12% decline. However, Pune and Chennai bucked the trend with strong annual growth in launched units.
Real EstateHousing MarketProperty PricesPuneChennaiReal Estate PuneOct 28, 2025
Q3 2025 brought 70,915 new homes to the market, bringing the total to 225,001 units for the first nine months. This represents a marginal 1% decline compared to the same period last year. Kolkata, Chennai, Pune, and Bengaluru have all recorded strong annual growth in launched units, according to the latest report.
Home prices in India's seven major cities continued their upward trend in Q3 2025, with annual increases ranging from 6% to 16%. Kolkata led the pack with a 16% growth in home prices, followed by Chennai at 14%. Delhi NCR and Bengaluru both saw 13% growth, while other cities also experienced notable increases.
The primary drivers behind the sustained price increases include developers' focus on higher-margin premium developments, elevated construction costs, and sustained buyer demand. These factors have collectively contributed to the broad-based price appreciation across the major cities.
While the overall market has slowed, the resilience shown by cities like Pune and Chennai offers a glimmer of hope for the real estate sector. Pune, in particular, has seen a robust increase in the number of new units launched, reflecting a strong market confidence in the region.
For potential homebuyers, the current market conditions present a mixed bag. On one hand, the rising prices may deter some buyers, but on the other, the availability of new units and the continued growth in certain cities provide opportunities for those looking to enter the market.
Redditors have been debating the current state of India's property market, with many suggesting that buyers should purchase if they need a home rather than waiting for a market crash. The prevailing sentiment is that the market will continue to be driven by demand, especially in cities with strong economic fundamentals.
In conclusion, while the overall trend in housing sales has been downward, the real estate market in India remains dynamic. Cities like Pune and Chennai are setting a positive example, and the continued growth in launched units and home prices suggests that the sector is still capable of delivering value to both buyers and developers.
Frequently Asked Questions
What is the overall trend in housing sales in India's top seven cities?
Housing sales in India's top seven cities have decreased by 12% in the first nine months of 2025 compared to the same period last year.
Which cities are showing resilience in the real estate market?
Pune and Chennai have shown resilience with strong annual growth in launched units.
What is the range of home price increases in the major cities?
Home prices in India's seven major cities have increased annually by 6% to 16%, with Kolkata leading at 16%.
What are the main drivers of the price increases?
The main drivers include developers' focus on higher-margin premium developments, elevated construction costs, and sustained buyer demand.
What is the advice for potential homebuyers from Redditors?
Redditors suggest that buyers should purchase if they need a home rather than waiting for a market crash, as the market is expected to remain driven by demand.
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