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Top 8 Cities, One Growth Story: What’s Driving India’s 1% Rise in House Sales

India’s residential market is showing signs of stability rather than a slowdown. According to Knight Frank India, housing sales across the country’s eight largest property markets rose 1% year-on-year in Q3 2025 (July–September), with 87,603 units sold.

What stands out is not so much the modest volume growth as the quality of demand; premium segments are driving value, even as unit growth is plateauing.

Key Drivers of Resilience
  • Premium category in focus: More than half of the homes sold in this period were in the ₹1 Crore+ range.In fact, homes priced ₹1–2 crore formed a major slice of the market.
  • Selective launches & constrained supply: New launches in the top eight cities in Q3 2025 stood at 88,655 units (–2% YoY) according to Knight Frank.
  • Regional strength in South & East:Reports suggest cities like Chennai, Hyderabad and Bengaluru are seeing stronger demand trends, aided by job markets, infrastructure and end-user buyers.
Overview of Housing Sales in India’s Top 8 Cities
  • Mumbai Metropolitan Region (MMR): Approximately 24,706 units sold in Q3 2025 (+2% YoY), accounting for around 28% of the total eight-city sales.
  • Delhi NCR: Reported the strongest price growth – about 19% YoY in Q3 2025 – even though volume growth is modest.
  • Bengaluru: Price growth of around +15% in Q3 2025 per Knight Frank.
  • Chennai: Noted as one of the fastest-growing cities, with approximately +12% YoY in Q3.
  • Hyderabad: Outperformer, with robust sales in high-rises and villas, notably at Hirize Elysia in Kokapet, reflecting the stronger premium demand.

Premium share detail: The report states that more than 52% of sales in the top eight cities in Q3 2025 were for homes priced above ₹1 crore.

Emerging Trends to Watch
  • Affordability: In a market with muted volume growth, buyers are gravitating to price bands where value and lifestyle align.
  • “Flight to quality” mainstream: Buyers increasingly prioritise delivery track-record, amenities, and branded developers rather than just the lowest cost..
  • Lifestyle & location shifts: There’s growing traction in suburban and peripheral zones with good infrastructure connectivity (metro/expressways), larger unit sizes and better amenities.
  • Employment & relocation as catalysts: Strong office leasing and job creation in IT/ITES hubs are supporting end-user housing demand.
Is the Market at a Peak?

The data suggests a phase of “high plateau” rather than rapid growth or sharp decline. While YoY volume growth is +1%, price growth remains double digit in many cities. Analysts believe the market is consolidating, awaiting fresh triggers like rate cuts, mid-segment supply, or policy incentives.

What This Means for Stakeholders

For buyers: If you’re targeting the ₹1–2 crore segment, now is a good time to transact, but focus on the builder’s credibility, actual infrastructure delivery, and total cost of ownership.

For investors: Look towards tech-driven cities with low vacancy and strong rental yields; premium homes may offer better capital growth, but mid-segment affordability remains key.

For developers: With the mid-segment being the “next wave”, focusing on well-priced 2/2.5-BHKs, timely delivery, and good amenities will matter in 2026.

Final Takeaway

While the 1% rise in unit sales across India’s top eight cities may appear modest, it masks a deeper story: durable demand, premium-led growth, and selective supply discipline. The housing market is not frothy; it is consistent. For markets and players anchored on delivery, quality, and location, the outlook remains positive, albeit without dramatic leaps. Hirize Developers stands as a reflection of this steady momentum — consistently delivering premium projects that align with evolving urban aspirations and reinforcing buyer confidence through trust, transparency, and timely execution.

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