Hyderabad, Bengaluru, Chennai Witness 47% Surge in Housing Sales in Q3: PropTiger
Hyderabad, Bengaluru, and Chennai have collectively seen a 47% increase in residential property sales during the July-September period, despite a marginal decline in demand across eight major cities, according to PropTiger. This surge highlights the robust growth in the southern real estate market.
Housing SalesReal EstateProptigerSouthern CitiesMarket TrendsReal Estate NewsOct 20, 2025
Hyderabad saw the largest growth, with housing sales increasing by 53% to 17,658 units from 11,564 units. Bengaluru also experienced a significant rise, with housing sales growing by 18% to 13,124 units from 11,160 units. Chennai recorded the most dramatic increase, with housing sales more than doubling to 7,862 units from 3,560 units during the July-September period.
Overall, India's top-eight primary housing markets (first-sale) saw a 1% decline in sales during July-September, mainly due to lower demand in Mumbai, Pune, and Delhi-NCR. The data shows that housing sales across these eight major cities fell to 95,547 units during the third quarter of this calendar year from 96,544 units in the corresponding period of the preceding year.
Among the eight cities, housing sales in the Mumbai Metropolitan Region (MMR) fell by 22% to 23,334 units during the period under review from 30,010 units in the year-ago period. In Pune, sales declined by 28% to 12,990 units from 18,004 units. Sales of residential properties in Delhi-NCR decreased by 21% to 7,961 units from 10,098 units. Ahmedabad saw a 5% dip in sales to 8,889 units from 9,352 units. Lastly, sales of residential properties in Kolkata increased by 33% to 3,729 units during July-September this year from 2,796 units in the year-ago period.
On the outlook, Aurum PropTech Executive Director Onkar Shetye noted that favorable conditions, such as stability in interest rates and proactive policy reforms like the recent GST reduction on cement, have provided a crucial buffer against rising input costs and bolstered developer confidence.
'We are optimistic about the upcoming festive quarter, which will serve as a key indicator of consumer demand. However, it will also be a true test of the market's ability to balance this growth momentum with emerging affordability challenges, particularly in the mid and entry-level segments,' he observed.
Aurum PropTech owns and operates a rental marketplace NestAway Technologies, data analytics firm Aurum Analytica, and sales automation platform Sell.do, besides PropTiger. The company's diverse portfolio positions it well to navigate the evolving real estate landscape and support sustained growth in the sector.
Frequently Asked Questions
Which cities saw the highest increase in housing sales in Q3?
Hyderabad, Bengaluru, and Chennai saw the highest increase in housing sales in Q3, with a combined 47% rise in residential property sales.
What was the overall trend in housing sales across India's top-eight cities?
Overall, India's top-eight primary housing markets saw a 1% decline in sales during July-September, mainly due to lower demand in Mumbai, Pune, and Delhi-NCR.
What factors are contributing to the growth in the southern real estate market?
Favorable conditions such as stability in interest rates and proactive policy reforms, including the recent GST reduction on cement, have contributed to the growth in the southern real estate market.
How has Mumbai's housing market performed in Q3?
Housing sales in the Mumbai Metropolitan Region (MMR) fell by 22% to 23,334 units during the July-September period from 30,010 units in the year-ago period.
What is the outlook for the upcoming festive quarter?
The outlook for the upcoming festive quarter is optimistic, as it will serve as a key indicator of consumer demand. However, it will also be a test of the market's ability to balance growth with emerging affordability challenges.
Related News Articles
Large Cap Mutual Funds: Understanding Performance and Strategy
Large-cap mutual funds are considered more secure, but Mirae Asset Large Cap has underperformed due to its disciplined investment strategy, focusing on strong growth sectors like infrastructure and real estate.
Market Rally Analysis: Manish Chokhani's Insights on India's Growth Potential
Manish Chokhani, Director of Enam Securities, shares his views on the current market rally and potential red flags at the India Today Conclave 2024.
MahaRERA Orders Tata Housing to Refund Buyer After Deducting 2% of Total Cost
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Tata Housing Development Company Ltd to refund the money paid by a homebuyer after deducting 2% of the total consideration. This decision comes after the builder failed to execute th
Understanding Property Registration and Charges in Mumbai
In Mumbai, the real estate market has seen significant growth, particularly during the festive season. The city's property registration process and associated charges, including stamp duty, play a crucial role in this trend. This guide provides a detailed
551 Candidates File Nominations for 21 Assembly Seats in Pune District
A total of 551 candidates have submitted their nominations for the 21 Assembly seats in Pune district. The highest number of candidates is from the Pimpri constituency, with 39 nominations, while the Junnar constituency has the lowest with 17 nominations.
AP CM N Chandrababu Naidu Pledges Full Support to Real Estate Sector
Andhra Pradesh Chief Minister N Chandrababu Naidu has assured full support to the real estate sector, predicting significant growth in the coming years. He emphasized the importance of proper permissions and sustainable development.