The residential property market showed resilience in the July to September quarter, with total home sales value surging 14 per cent year-on-year to Rs 1.52 lakh crore, even as sales volumes remained largely flat, a recent report said.
According to PropTiger’s Real Insight Residential: Q3 2025 report, 95,547 housing units were sold across eight major cities, marking a marginal 1 per cent annual decline in volumes.
The sharp growth in value indicates a shift towards premium and luxury housing, as buyers continued to prefer high-value projects. New supply, meanwhile, dipped 5.1 per cent annually to 87,179 units but rose 3.6 per cent quarter-on-quarter, suggesting cautious optimism among developers.
The report highlighted that Chennai and Hyderabad emerged as the strongest performers, with sales jumping 120.9 per cent and 52.7 per cent respectively, while Bengaluru grew 17.6 per cent.
However, the Western markets showed moderation. Mumbai Metropolitan Region (MMR) and Pune saw sales declines of 22.2 per cent and 27.9 per cent, respectively. Despite the fall, MMR remained India’s largest housing market, contributing 24.4 per cent of total sales, followed by Hyderabad (18.5 per cent) and Bengaluru (13.7 per cent).
Kolkata saw a remarkable 387.7 per cent YoY rise in new housing supply, while Chennai posted a 105 per cent increase, signaling renewed developer confidence. Hyderabad and Pune also recorded double-digit growth in fresh launches, even as NCR and MMR witnessed declines.
Industry experts expect the festive season to bolster buyer sentiment, particularly in the premium category, aided by stable interest rates and recent policy measures like the GST reduction on cement. However, affordability pressures could weigh on mid and entry-level housing demand