Southern Cities See Significant Rise in Housing Sales: PropTiger Report

Despite an overall marginal decline in housing sales across India's top-eight primary markets, cities like Hyderabad, Bengaluru, and Chennai have witnessed a substantial 47% increase in residential property sales during the July-September period.

Housing SalesReal EstateProptigerSouthern CitiesMarket TrendsReal Estate NewsOct 20, 2025

Southern Cities See Significant Rise in Housing Sales: PropTiger Report
Real Estate News:Hyderabad, Bengaluru, and Chennai together have seen a 47 per cent increase in sales of residential properties during the July-September period, despite an overall marginal fall in demand across eight major cities, according to PropTiger.

Housing sales in these three major southern cities โ€” Hyderabad, Bengaluru, and Chennai โ€” stood at 38,644 units during the September quarter, up 47 per cent from 26,284 units in the year-ago period. This significant rise in sales is a positive indicator for the real estate market in these regions.

Real estate consultant PropTiger, which has recently been acquired by listed entity Aurum PropTech Ltd, data showed that the sales of residential properties in Hyderabad grew 53 per cent to 17,658 units from 11,564 units. This substantial growth can be attributed to the city's robust economic development and increasing job opportunities, making it an attractive destination for homebuyers.

In Bengaluru, the housing sales rose 18 per cent to 13,124 units from 11,160 units. Bengaluru's tech-driven economy and the presence of numerous IT companies have contributed to the city's strong real estate market. The city continues to attract a large number of young professionals, driving the demand for residential properties.

Housing sales in Chennai more than doubled to 7,862 units during the July-September period this year from 3,560 units in the corresponding period of the preceding year. The city's strategic location and well-developed infrastructure have made it a preferred choice for both investors and homebuyers.

Overall, India's top-eight primary housing markets (first-sale) saw a 1 per cent decline in sales during July-September, mainly due to lower demand in Mumbai, Pune, and Delhi-NCR, the consultant said. As per the data, the housing sales across 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 22 per cent to 23,334 units during the period under review from 30,010 units in the year-ago period. In Pune, the sales declined 28 per cent to 12,990 units from 18,004 units. Sales of residential properties in Delhi-NCR decreased 21 per cent to 7,961 units from 10,098 units. Ahmedabad saw a 5 per cent dip in sales to 8,889 units from 9,352 units.

Lastly, sales of residential properties in Kolkata increased 33 per cent to 3,729 units during July-September this year from 2,796 units in the year-ago period. This growth in Kolkata can be attributed to the city's improving infrastructure and the government's focus on urban development.

On the outlook, Aurum PropTech Executive Director Onkar Shetye noted that favourable conditions, such as the 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 and strategic investments in the real estate sector position it well to capitalize on the growing opportunities in the housing market.

Frequently Asked Questions

Which cities saw the highest increase in housing sales during the July-September period?

Hyderabad, Bengaluru, and Chennai saw the highest increase in housing sales during the July-September period, with a combined 47% increase in residential property sales.

What factors contributed to the increase in housing sales in these southern cities?

The increase in housing sales in these southern cities can be attributed to robust economic development, increasing job opportunities, and a strong tech-driven economy, particularly in Hyderabad and Bengaluru.

How did the overall housing market perform across India's top-eight primary markets?

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 policy reforms have been introduced to support the housing market?

Favourable conditions such as the stability in interest rates and proactive policy reforms like the recent GST reduction on cement have been introduced to support the housing market and bolster developer confidence.

What is the outlook for the housing market in the upcoming festive quarter?

The outlook for the housing market in the upcoming festive quarter is optimistic, as it will serve as a key indicator of consumer demand. However, the market will also face the challenge of balancing growth momentum with emerging affordability issues, particularly in the mid and entry-level segments.

Related News Articles

Large Cap Mutual Funds: Understanding Performance and Strategy
real estate news

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.

July 6, 2024
Read Article
Market Rally Analysis: Manish Chokhani's Insights on India's Growth Potential
real estate news

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.

September 27, 2024
Read Article
MahaRERA Orders Tata Housing to Refund Buyer After Deducting 2% of Total Cost
Real Estate Maharashtra

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

October 6, 2024
Read Article
Understanding Property Registration and Charges in Mumbai
Real Estate Maharashtra

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

October 30, 2024
Read Article
551 Candidates File Nominations for 21 Assembly Seats in Pune District
Real Estate Pune

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.

October 30, 2024
Read Article
AP CM N Chandrababu Naidu Pledges Full Support to Real Estate Sector
Real Estate

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.

January 10, 2025
Read Article