Rajasthan Property Market Sees Slump in September Quarter: Industry Experts Weigh In
After experiencing growth in the March and June quarters, property sales in Rajasthan saw a contraction in the September quarter, according to data from the Registration & Stamps department. Industry experts are cautious but not alarmed, citing the impact of high US tariffs and a shift in demand from residential units to land plots.
Property SalesReal EstateRajasthanCredaiLand PlotsReal Estate NewsOct 02, 2025
From Rs 2,206 crore worth of property deals in the December 2024 quarter, the total value of transactions rose to Rs 2,330 crore and Rs 2,569 crore in the March and June quarters, respectively. The September quarter saw growth shrink marginally to about Rs 2,553 crore.
Rajendra Singh Pachar, vice chairman of the Confederation of Real Estate Developers' Association of India (Credai), Rajasthan, said, 'We should not read much into the performance of just one quarter. Some slowdown is expected after the continued growth the sector witnessed since its recovery after Covid-19'.
Asked about the potential impact of high US tariffs affecting exports and jobs in those sectors, Pachar said, 'These are early days. The December quarter will present a clear picture. Even if there is an impact, it is unlikely to be strong enough to cause alarms in the industry'.
In Jaipur, new large residential project announcements have been muted for some time. Insiders said there is a shift from the expansion of residential projects to developing new plots. Abhishek Mishra, director at Trimurty Builders, said, 'People have realised that residential housing units do not fetch returns. So, the demand has shifted to plots. Investors now prefer land plots to flats for good returns. To that extent, the building frenzy, which characterised earlier growth cycles, has subsided and demand for housing units has come down'.
Mishra remains optimistic about the December quarter being better for the industry even though growth figures remain in single digits.
Frequently Asked Questions
What caused the contraction in property sales in Rajasthan in the September quarter?
The contraction in property sales in the September quarter in Rajasthan is attributed to a slowdown after continued growth post-Covid-19 and the potential impact of high US tariffs affecting exports and jobs.
How did the property market perform in the previous quarters?
Property sales in Rajasthan saw an increase from Rs 2,206 crore in the December 2024 quarter to Rs 2,330 crore in March and Rs 2,569 crore in June, before marginally contracting to Rs 2,553 crore in September.
What is the industry's stance on the recent contraction?
Industry experts, including Rajendra Singh Pachar from Credai, suggest that the contraction in one quarter should not be read as a definitive trend and that the December quarter will provide a clearer picture.
How has the demand in Jaipur's property market shifted recently?
In Jaipur, the demand has shifted from residential housing units to land plots, as investors now prefer land plots for better returns, according to Abhishek Mishra from Trimurty Builders.
What are the expectations for the December quarter?
Despite the recent contraction, industry experts like Abhishek Mishra remain optimistic about the December quarter, expecting it to be better for the industry even though growth figures may remain in single digits.
Related News Articles
RERA Cases Weekly Round-Up: Relief for Homebuyers Across India
From refund orders to structural defect rectification
Gurugram Leads Housing Price Surge, Mumbai Lagging Behind
In the last five years, the average price of new housing projects in India’s top 10 cities has surged by 88%, with Gurugram leading the pack at a 160% increase. Mumbai, on the other hand, has seen the lowest rise at 37%. This surge is attributed to massiv
Anant Raj Reports 75% Increase in Net Profit for Q2 FY25
Anant Raj has announced a significant 75% increase in its net profit for the second quarter of the fiscal year 2025. The company also reported a 53.67% rise in its net consolidated total income. This robust growth is a testament to the company's strategic
DLF JV Firm Sells IT Park in West Bengal's Largest Real Estate Deal for Rs 637 Cr
In a significant move, DLF, the country's largest real estate developer by market cap, has completed the sale of an IT park in West Bengal for Rs 637 crore. The deal, involving a joint venture firm, marks one of the largest real estate transactions in the
Eleganz Interiors Files DRHP with NSE Emerge
Eleganz Interiors plans to use Rs 25 crore from the IPO proceeds to repay a portion of its outstanding borrowings, as it files its DRHP with NSE Emerge.
Tata Steel Slapped with Rs 146 Mn Fine for Delay in Stamp Duty Payment
Tata Steel, one of India's leading steel producers, has been penalized with a fine of Rs 146 million by the Maharashtra government for failing to timely pay the stamp duty. The fine, as per the company's exchange filing, highlights the importance of adher