India's Housing Market Shows Resilience Despite High Prices
The Magicbricks Housing Sentiment Index (HSI) reveals a steady resurgence in India's housing market, with Chennai leading the pack. The mid-market segment, priced between ₹1.0-₹1.5 crore, remains the most active.
Housing MarketMagicbricks HsiChennaiMidmarket SegmentBuyer PreferencesReal Estate NewsOct 15, 2025
The survey highlights a reshuffling of city rankings, with Chennai emerging as the top-performing city, followed by Noida/Greater Noida and Kolkata. Affordable and emerging markets are outpacing luxury hubs, driven by new infrastructure, commercial growth, and project launches. Buyers are gravitating toward well-connected outskirts for better value, according to Magicbricks.
The mid-market segment, priced between ₹1.0-₹1.5 crore, is the most active with an HSI of 149. As much as 39% of buyers prefer homes in the ₹20-₹75 lakh range, and another 39% in the ₹75 lakh-₹1.5 crore range. According to the report, buyer preferences are shifting, with builder floors overtaking plots due to semi-customisable layouts and faster delivery. Semi-furnished, compact units of 500-1,000 sq ft are the most preferred.
Millennials and Gen Y remain key demand drivers, while Gen Z and Baby Boomers show steady sentiment, the report said. Professionals in stable sectors and those earning ₹10-₹30 lakh annually displayed the strongest optimism, driven by rising incomes and fear of missing out over price gains, Magicbricks said.
Magicbricks, a leading real estate portal in India, provides comprehensive insights into the housing market through its Housing Sentiment Index. The HSI is a valuable tool for understanding consumer sentiment and market trends, helping both buyers and sellers make informed decisions. The resurgence in the housing market, despite high prices, indicates a strong underlying demand and confidence in the sector.
Frequently Asked Questions
What is the Magicbricks Housing Sentiment Index (HSI)?
The Magicbricks Housing Sentiment Index (HSI) is a tool that measures consumer sentiment and market trends in the housing sector. It provides insights into the preferences and behavior of homebuyers in India.
Which city is leading in the housing market according to the HSI?
Chennai is the top-performing city in the housing market, followed by Noida/Greater Noida and Kolkata, according to the Magicbricks Housing Sentiment Index.
What is the most active price segment in the housing market?
The mid-market segment, priced between ₹1.0-₹1.5 crore, is the most active with an HSI of 149. Additionally, 39% of buyers prefer homes in the ₹20-₹75 lakh range and another 39% in the ₹75 lakh-₹1.5 crore range.
Why are builder floors becoming more popular?
Builder floors are becoming more popular due to their semi-customisable layouts and faster delivery times. Semi-furnished, compact units of 500-1,000 sq ft are the most preferred by buyers.
Who are the key demand drivers in the housing market?
Millennials and Gen Y are the key demand drivers in the housing market, while Gen Z and Baby Boomers also show steady sentiment. Professionals in stable sectors and those earning ₹10-₹30 lakh annually display the strongest optimism.
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