Residential property sales across India’s top cities dropped 12% year-on-year to 202,756 units during January–September 2025, according to a market report released on October 28. The slowdown was attributed to rising property prices, the monsoon season, a pre-festive lull, and economic uncertainty. In Q3 2025, sales fell 9% year-on-year and 2% quarter-on-quarter to 67,980 units, reflecting the broader nine-month trend. However, some cities defied the slowdown, posting significant annual growth. Together, several major cities accounted for over 60% of total sales, though their combined volumes declined 9%. One region saw the steepest drop at 29%, followed by other cities with declines ranging from 16% to 21%. Meanwhile, one city stood out with a 15% rise in transactions.

The premium housing segment showed modest annual growth in Q3 2025, while homes priced between ?1.5 crore and ?3 crore recorded a 14% year-on-year increase. In contrast, demand for homes below ?1 crore declined 23% compared to the same period last year.

According to an industry expert, “The January–September 2025 period reflects a shift toward a value-driven market, with premium housing leading sales despite the overall 12% drop in total units sold.” They added that projects launched during this period continued to attract strong buyer interest, contributing 24% of total sales, slightly higher than in the same period last year. While premium housing demand remained firm, developers were cautious with new mid-range and affordable projects due to slower demand in recent quarters.

Around 70,915 new homes were launched in Q3 2025, bringing the year-to-date total to 225,001 units, just 1% lower than last year. Several cities saw healthy growth in new launches. Home prices across the major cities continued to rise in Q3 2025, registering 6–16% annual growth. One city led with a 16% increase, followed by others with growth ranging from 13% to 14%.

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