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India's Housing Market Cools as Demand Drops, Supply Rebounds in OND 2025

Slower price gains signal a shift toward value-led deals for homebuyers.

Overview

  • Magicbricks' PropIndex shows housing demand fell 8.7–9% quarter on quarter across major cities in October–December 2025.
  • Listings increased 3–3.4% quarter on quarter, led by Greater Noida, Gurugram, Thane, and Noida, with Mumbai tilting toward sub–INR 5 crore inventory.
  • Residential prices still rose about 1.5% quarter on quarter and roughly 17% year on year, the weakest quarterly gain in nearly two years.
  • Developers concentrated new supply in mid and upper-mid brackets, while Bengaluru sustained luxury traction and Hyderabad leaned toward mid-segment options.
  • Festive spending and interest-rate uncertainty slowed purchases, with any easing in home-loan rates expected to coax deferred demand back into the market.