Home Sales Value in Q3 Jumps 14% to ₹1.52 Lakh Crore: Report

Chennai, Oct 15 : The residential property market demonstrated resilience in Q3 2025, with total home sales value climbing 14% year on year to ₹1.52 lakh crore, even as overall sales volumes remained largely unchanged, according to PropTiger’s Real Insight Residential: Q3 2025 report.

A total of 95,547 housing units were sold across eight major cities, reflecting a marginal 1% decline in volume from the previous year. The sharp rise in value underscores a shift towards premium and luxury housing, with buyers increasingly favoring high-value projects. Meanwhile, new housing supply dipped 5.1% YoY to 87,179 units but rose 3.6% quarter on quarter, indicating cautious optimism among developers.

Chennai and Hyderabad emerged as top performers, posting 120.9% and 52.7% growth, respectively, while Bengaluru grew 17.6%. In contrast, Western markets experienced moderation: Mumbai Metropolitan Region (MMR) and Pune recorded sales declines of 22.2% and 27.9%, respectively. Despite this, MMR remained India’s largest housing market, accounting for 24.4% of total sales, followed by Hyderabad (18.5%) and Bengaluru (13.7%).

The report also highlighted a surge in new launches in key cities. Kolkata recorded a 387.7% YoY rise, while Chennai saw a 105% increase, reflecting renewed developer confidence. Hyderabad and Pune also noted double digit growth in fresh launches, even as NCR and MMR witnessed declines.

Industry experts anticipate the upcoming festive season to further boost buyer sentiment, especially in the premium segment, supported by stable interest rates and policy measures like the GST reduction on cement. However, affordability pressures could temper demand in the mid and entry level housing categories.