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India’s Q3 Housing Sales Slip 1% as Transaction Value Jumps 14%, Signaling Premium Shift

Premium demand concentrates in the South, with weakness in MMR, Pune, Delhi‑NCR plus conflicting Mumbai tallies pointing to uneven, hard‑to‑measure momentum.

Overview

  • PropTiger reports 95,547 homes sold across eight major markets in Q3 2025, down about 1% year on year, while the value of transactions rose to ₹1.52 lakh crore, up 14%.
  • Southern cities led activity with sharp gains in Chennai (+120.9%), Hyderabad (+52.7%) and Bengaluru (+17.6%), contrasting with declines in MMR (‑22.2%), Pune (‑27.9%) and Delhi‑NCR (‑21.2%).
  • Despite lower volumes, MMR remained the largest market with a 24.4% share of national sales, followed by Hyderabad and Bengaluru.
  • New launches fell around 5% year on year but rose 3.6% from the prior quarter, reflecting cautious developer focus on higher‑value projects.
  • Knight Frank counted 24,706 Mumbai home sales in Q3, a 2% rise, highlighting dataset and methodology differences that complicate city‑level readings.