Housing Sales in India’s Top 9 Cities Dip 4% in Q3 2025: Regional Trends and Market Outlook
The real estate market in India’s major urban centers has experienced a marginal setback in the third quarter of 2025, with housing sales in the country's top nine cities declining by approximately 4%. This dip reflects a mix of regional dynamics and evolving buyer sentiments amid macroeconomic challenges.
Regional Performance Highlights
Among the key regional insights, Maharashtra notably lagged behind other states, exhibiting weaker sales figures. In contrast, southern cities showed resilience with rising housing demand, reflecting their growing economic activity and infrastructure development. This divergence in regional trends underscores the varying impact of economic factors and local policies across India’s urban landscape.
Quarter-on-Quarter Sales Performance
The overall quarterly performance indicates a mild slowdown compared to the previous quarter. This performance is partly attributed to cautious buyer behavior in light of changing interest rates and inflationary pressures, which has influenced affordability and financing decisions among prospective homeowners.
Launch Activity and Market Supply
New housing launches presented a mixed trend during Q3 2025. Some cities saw increased project launches aiming to capitalize on upcoming festive season demand, while others maintained a more conservative approach. Market watchers expect that the festivities traditionally act as a market stimulant, potentially lifting sales activity heading into Q4.
Outlook for Festive Season and Beyond
Industry analysts remain optimistic that the festive season demand could spur a recovery in housing sales in the final quarter of the year. Coupled with government incentives and improved supply-side dynamics, the real estate market is poised for a possible rebound. However, close monitoring of economic indicators and consumer confidence will be critical to assessing the trajectory of the housing sector.