Housing gross sales throughout India’s prime seven cities declined by 9 per cent year-on-year through the July–September quarter of 2025, as affordability pressures, excessive costs, and geopolitical headwinds weighed on demand.
Nevertheless, complete gross sales worth throughout the identical interval surged 14 per cent to Rs 1.52 lakh crore, pushed largely by strong transactions within the luxurious and ultra-luxury housing segments, based on information by ANAROCK Analysis & Advisory.
Round 97,080 items have been bought in Q3 2025 throughout the highest cities, in contrast with over 1.07 lakh items in Q3 2024. Regardless of the dip in volumes, the general gross sales worth rose from Rs 1.33 lakh crore to Rs 1.52 lakh crore. “Gross sales continued to outstrip new provide within the quarter, reflecting continued market well being,” stated Anuj Puri, chairman, ANAROCK Group.
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Mumbai, Pune lead housing gross sales
Amongst cities, the Mumbai Metropolitan Area (MMR) recorded the best gross sales with almost 30,260 items, adopted by Pune at 16,620 items. Collectively, the 2 western cities accounted for 48 per cent of complete gross sales. Whereas most prime cities reported annual declines, Chennai and Kolkata bucked the pattern with yearly progress of 33 per cent and 4 per cent, respectively.
New launches rose marginally by 3 per cent year-on-year to 96,690 items. MMR topped new provide with 29,565 items, adopted by Pune with 19,375 items. Apparently, Pune, Kolkata and Chennai noticed sharp annual will increase in recent launches. By way of price range segments, luxurious housing priced above Rs 1.5 crore contributed the most important share at 38 per cent, whereas the inexpensive class accounted for simply 16 per cent.
Costs proceed to climb, NCR tops progress
Common residential costs throughout the seven cities rose 9 per cent yearly in Q3 2025. The Nationwide Capital Area (NCR) led the surge with a 24 per cent rise, whereas Bengaluru noticed a ten per cent enhance. Different cities reported single-digit value progress.
“The affect, if any, of the brand new H1-B visa norms introduced by the US on the Indian residential market bears shut monitoring. Whereas housing affordability stays a problem throughout cities for a lot of patrons, value progress has tapered down reasonably in comparison with the previous couple of years,” Puri added.
Unsold stock throughout the highest cities declined marginally to five.61 lakh items in Q3 2025 from 5.64 lakh items a yr earlier. Regardless of the monsoon season and the historically weak ‘shraad’ interval, gross sales inched up 1 per cent sequentially from Q2 2025.
