NCR Leads 19% Price Surge as India's Top 8 Housing Markets Record 87,603 Sales in Q3 2025

Housing Market Shows Resilience as Top Eight Cities Register 87,603 Transactions in Third Quarter

Industry observers reported that eight major residential markets across India witnessed steady performance during the July-September 2025 quarter, with total unit sales reaching 87,603 despite ongoing concerns about market softening. The data revealed a modest one percent year-on-year growth, while pricing momentum continued to gain strength with the National Capital Region emerging as the frontrunner in price appreciation, according to a report released in October 2025.

Quarterly Performance Snapshot

The third quarter of 2025 showcased interesting dynamics in India's residential sector, with total units sold standing at 87,603, marking approximately one percent annual growth. Market analysts noted that new project launches contracted by roughly two percent year-on-year to 88,655 units. NCR registered the steepest price growth at 19 percent, followed by Bengaluru at 15 percent, Hyderabad at 13 percent, and Mumbai at seven percent. Mumbai continued to dominate sales volume with 24,706 units accounting for approximately 28 percent of total transactions, while Chennai emerged as the city with the highest sales growth at 12 percent year-on-year.

Market Dynamics and Shifting Patterns

Despite the marginal dip in new launches, sales figures demonstrated underlying strength in demand, suggesting that buyer interest remained robust across key markets. The supply side witnessed constraints as developers curtailed fresh project announcements, leading to tighter inventory levels in several cities. Industry experts observed that premium segment properties priced above ₹1 crore captured more than half of all transactions, while the sub-₹1 crore category saw its market share contract.

City-Specific Developments

Regional market performance revealed distinct patterns, with NCR's 19 percent price surge attributed to strong buyer demand coupled with limited available inventory. Although Mumbai did not lead in growth percentage terms, it maintained its position as the largest market by transaction volume. Chennai's 12 percent sales growth signaled increasing traction beyond traditional metro markets, indicating geographic diversification in housing demand. Market watchers suggested that the upcycle momentum remained intact, though the pace of expansion appeared to be moderating toward a plateau phase.

Macroeconomic Factors Supporting Demand

Several favorable economic conditions continued to underpin buyer confidence during the quarter. Low inflation levels, accommodative interest rate policies, and liquidity enhancement measures provided support to residential demand. Analysts pointed out that these tailwinds helped sustain transaction activity even as price levels climbed across most markets. The resilience in home sales suggested that fundamental demand drivers remained strong despite cyclical concerns.

Future Market Outlook

Industry participants indicated several factors that would shape near-term market trajectory. The upcoming festive season sales performance would provide clarity on whether transaction volumes could maintain momentum or confirm the emerging plateau trend. Observers noted that continued dominance of the premium segment could potentially create affordability challenges if mid-market and affordable housing supply failed to keep pace. Developers were expected to recalibrate their launch strategies to align more closely with evolving demand patterns. Market analysts also emphasized the need to monitor inventory accumulation and absorption rates, particularly in high-ticket categories where oversupply risks could materialize. Those interested in property investment strategies would be closely watching these developments.

Regional Market Segments

The report highlighted that while metro markets continued to drive volumes, emerging cities were beginning to demonstrate growth potential. The shift in buyer preference toward premium properties reflected evolving aspirations and improved affordability among urban professionals. Market participants suggested that infrastructure developments and connectivity improvements in peripheral locations could unlock new growth corridors in the coming quarters. Commercial real estate demand also showed strength in these regions, indicating broader economic activity.

Disclaimer: This news article is based on information available from industry reports and market observations as of October 2025. Readers are advised to verify current market conditions and consult real estate professionals before making any property investment decisions. Market dynamics, pricing, and sales figures are subject to change based on various economic and regulatory factors. The information provided is for general awareness purposes only and should not be construed as professional investment advice.