Top 10 Indian Cities with the Highest Real Estate Activity in 2025
India’s real estate sector is expected to expand to US$ 5.8 trillion by 2047, contributing 15.5% to the GDP from an existing share of 7.3%. Some Indian cities have shown more activity compared to others due to various reasons like Grade A office space demand, premium housing, infrastructure developments, and many more.
In 2025, India’s real estate industry will experience rapid growth because of enhanced infrastructure, increased demand for office space, a rise in earning levels, and affordability for housing. Tier 1 (Metro) cities dominate sales and new construction, while most Tier 2 & Tier 3 cities are becoming a battleground for Real Estate companies to invest in.
1. Mumbai (MMR)
MMR continues to be the leading city with the highest real estate activity. In 2025, there were the highest number of new launches (Residential) and Sales within Mumbai in Micro Markets of Thane, Navi Mumbai, and Central Mumbai. Mumbai had sales of ~1,240 luxury units (constituting ~18% of the overall luxury sales during H1 2025), registering ~29% YoY growth during the review period. The city continued growth and Investment in Infrastructure with a number of Projects such as the Coastal Road (Commercial) and Metro Lines to continuously push Mumbai’s Real Estate Market forward. Q3 2025 reported approx 30,300 units (residential) of continued steady sales; and 29,600 units (residential) reported new launches.
2. Delhi NCR
The NCR area continues to be a ‘powerhouse’ for Real Estate with continued strong sales in housing, (Commercial Demand), and Infrastructure Growth. The Dwarka Expressway as a main access point between Delhi and Gurgaon and rapid expansion of Metro Rail, Ginnow to Gurugram, continue to grow and support the Real Estate Market in the NCR area. Delhi-NCR led in sales with ~4,000 luxury units in H1, 2025 accounting for a share of ~57% share, recording a threefold growth compared to the corresponding period in the previous year as per CBRE reports. Gurugram leads for ‘premium’ launches (10,200 – 12,600 units). Q3 2025 reported approx 13,900 units (residential) continued steady sales; ₹8,900+ average price.
3. Bengaluru
Bengaluru is the tech capital of India. The city currently holds one of the largest commercial space absorptions in India. A combination of a large, consistent working population of IT employees, a surge in high-quality township developments, a large improvement in convenience and quality-of-life. The Bengaluru-Mysore Expressway (BM Expressway), has created a robust residential market in Bengaluru. In Q3 of 2025, Bengaluru saw 14,850 unit sales with 15,200 of new units being launched, at an overall average selling price of Rs. 8870.
4. Pune
Pune has the most substantial mid-income and premium housing demand by its IT industry, manufacturing, and education sectors. Pune is one of the top-ranking cities providing the highest percentage of India’s new housing projects launched in 2025. Micro-markets such as Hinjawadi, Wagholi, and Baner are consistently gaining significant attention from investors and end users. As evidence of the continued attractive market characteristics of Pune, for Q3 2025, Pune saw unit sales around 16,600, with 19,400 units being launched at an average of Rs. 7935 for all units sold.
5. Hyderabad
Hyderabad is enjoying a significant increase in demand for commercial real estate primarily due to the rapid growth of office space as well as the increase in the amount of quality infrastructure being developed. In addition, significant amounts of competitive housing prices have helped the growth in the city’s housing market. The micro-markets of Gachibowli, Kokapet, and Nanakramguda are seeing a steady growth of demand both by IT professionals as well as by investors. Q3 of 2025 show almost 11,300 unit sales for Hyderabad with a total of 8600 units launched and an overall average selling price of Rs. 7750.
6. Chennai
Chennai has maintained a steady and sustainable level of development across all sectors of the property market residential, commercial, and industrial. The continued improvement in connectivity, along with Chennai’s diverse industrial base and end-user demand in Southeast communities such as OMR, Porur, and Velachery, have created some vibrant and very active marketplace activity by 2025. Chennai’s Q3 2025 performance is indicative of this as the city produced steady sales of 6000 units and new launches in the quarter were around 6400 at an average price of Rs.6060.
7. Ahmedabad
Ahmedabad is one of the top performing Tier 2 Cities recording 8-10% growth and has experienced an increase in residential buyer demand as well as several large land deals and substantial amounts of commercial property investments. Affordable prices, as well as advances in the city’s infrastructure, including the new GIFT City, and the ongoing development of the metro system, have allowed for an increased confidence level from buyers.
8. Jaipur
With a strong appeal for tourism, Jaipur’s improving infrastructure has made it an emerging hub for real estate investment opportunities. Mahindra World City, a Special Economic Zone near Jaipur, spread over 3,000 acres, already houses more than 80 global companies, further boosting the city’s real estate market. The city’s real estate sector is expected to continue growing, driven by both residential and commercial demand.
