New Delhi, Sep 25 (NationPress) In light of global economic instabilities and geopolitical conflicts, the demand for residential properties in India has proven to be remarkably resilient during the third quarter of the calendar year (Q3 2025). The total sales value experienced a notable 14 percent increase—rising from approximately Rs 1.33 lakh crore in Q3 2024 to nearly Rs 1.52 lakh crore this year, according to a report released on Thursday.

This growth can be attributed to factors such as rising incomes, increasing urbanization, and a growing desire for homeownership.

Nonetheless, the industry is grappling with challenges related to affordability, escalating costs, and a mixed demand across regions, leading to a 9 percent decline in sales volume.

A total of 97,080 housing units were sold across the top seven metropolitan areas in Q3 2025, compared to 1.07 lakh units in the same quarter of 2024, as reported by Anarock.

The Mumbai Metropolitan Region (MMR) topped the list with sales of around 30,260 units, followed by Pune with 16,620 units.

“The cumulative sales in these two western cities represented 48 percent of total sales in the top seven cities for Q3 2025. All other major cities reported a decline in yearly housing sales, with the exception of Chennai and Kolkata, which saw increases of 33 percent and 4 percent, respectively,” said Anuj Puri, Chairman of Anarock Group.

These cities experienced a slight 3 percent rise in new housing supply, with around 96,690 units launched in Q3 2025, compared to 93,750 units during the same period in 2024. The fact that sales exceeded new launches suggests a strong demand-supply balance.

In terms of new supply, MMR led with 29,565 units launched in the quarter, followed by Pune with nearly 19,375 units.

Interestingly, while most cities saw a reduction in new supply annually, Pune, Kolkata, and Chennai recorded remarkable increases of 56 percent and 38 percent, respectively,” added the report.

The luxury housing segment (priced at Rs 1.5 crore) saw the highest new supply at 38 percent, while the premium segment (Rs 80 lakh–Rs 1.5 crore) accounted for 24 percent. The mid-segment (Rs 40–80 lakh) made up 23 percent of the new supply, and the affordable segment had the lowest share at 16 percent.

Meanwhile, the total housing inventory saw only a slight yearly decrease in the top seven cities—from about 5,64,415 lakh units at the end of Q3 2024 to approximately 5,61,756 lakh units by the end of Q3 2025.

The average residential prices across these urban areas experienced a modest single-digit growth of 9 percent in Q3 2025 compared to Q3 2024, with NCR witnessing the highest annual growth at 24 percent, followed by Bengaluru with a 10 percent rise.

Despite the monsoon season and the traditionally viewed inauspicious ‘shraad’ period, housing sales rose by 1 percent on a quarterly basis. Overall, the housing market appears to be relatively stable in 2025, with optimistic expectations for a festive boost ahead, as developers have various projects in the pipeline, according to the report.