According to a recent JLL India research, residential house sales in India’s top seven cities fell by 12% year over year to 202,756 units between January and September 2025. Pune and Chennai stood out with healthy growth despite the general slowdown, thanks to steady demand and the introduction of new projects.
Home sales in these cities fell 2% quarter over quarter and 9% year over year to 67,980 units in the third quarter of 2025. Although they accounted for more than 60% of total sales, the combined markets of Bengaluru, Pune, and Mumbai saw a 9% yearly fall.
While Pune and Chennai reported growth of 14% and 13%, respectively, defying the national trend, Delhi-NCR (-29%), Kolkata (-21%), and Mumbai (-16%) witnessed the sharpest declines in sales.
The premium home market continued to do well even with fewer transactions. While the cheap sector (below ₹1 crore) saw a 23% fall, sales of properties priced between ₹1.5 crore and ₹3 crore increased by 14% year over year. This change shows that, because to rising disposable incomes and lifestyle choices, demand is progressively shifting toward mid-to high-end housing.
Strong end-user demand is reflected in the ongoing rise in home prices in major cities. Property prices rose between 6% and 16% year over year in Q3 2025. The largest price increase, 16%, was seen in Kolkata, followed by Chennai (14%), Bengaluru (13%), and Delhi-NCR (13%).
India’s housing market is moving toward a more balanced growth phase, according to JLL. The premium and luxury housing segments are probably going to continue to be important growth drivers in the upcoming quarters, even though increased costs and issues with affordability may decrease overall volumes.
Also Read: Maharashtra Finalises Policy to Boost Use of Artificial Sand (M-Sand) in Construction Projects
