Mumbai's housing market saw a 17% sales decline in Q3 2025, driven by high interest rates and economic uncertainties, per Aurum PropTech. This follows a 34% drop in Q2, indicating ongoing market caution.
Pune's housing market saw a 17% sales drop in Q3 2025, driven by rising interest rates and economic uncertainties. Despite this, Pune and Mumbai remain key players, accounting for 48% of national sales, as per Aurum PropTech and Economic Times reports. Homebuyers are turning cautious.
India's real estate market is expected to see a flurry of new residential launches in 2024. The sector is resilient, driven by demand, tech adoption and investment from NRIs.
India's luxury real estate market is experiencing high demand, with a 24% increase in the average cost of luxury housing units this year. Factors driving this growth include changing consumer behavior, a growing middle class, and the incorporation of smart technology and eco-friendly features in luxury homes.
The ongoing recession is prompting changes in real estate, with consumers becoming cautious and developers focusing on affordable housing for middle-class buyers.