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India Q3 Housing Sales Fall 9% as Luxury Lifts Values 14%

Premium demand shifted new launches upmarket, lifting values even as affordability curbed volumes.

Overview

  • Anarock reports 97,080 units sold across the top seven cities in Q3 2025, with total transaction value rising to ₹1.52 lakh crore and new launches edging up 3% to about 96,690 units.
  • Luxury homes accounted for 38% of new supply, while the affordable segment held 16%, underscoring developers’ pivot toward higher-ticket projects.
  • MMR and Pune together made up 48% of sales with roughly 30,260 and 16,620 units respectively, as a PropEquity analysis flags a steeper 17% year-on-year sales decline and a 5% drop in launches for these two markets.
  • Average prices rose about 9% year on year across the top cities, led by a 24% jump in NCR and a 10% increase in Bengaluru, with other markets posting single-digit gains.
  • City trends diverged sharply: Chennai outperformed with 33% sales growth and a 38% rise in launches, while Hyderabad logged a 38% fall in new supply and an 11% decline in sales.