Overview
- Mumbai sold 24,706 homes in Q3 2025, up 2% year on year, as average prices rose 7% on strong demand for ₹1 crore-plus units and new launches fell 19% to 19,145.
- Mumbai’s office rents increased 11% year on year for a 13th straight quarter, with transactions down 27% and completions surging about 94% to roughly 1.6 million sq ft.
- Delhi-NCR recorded the steepest residential price growth among major cities at 19% year on year, with average office rents up 9% and about 1.5 million sq ft of new office supply delivered (42% growth).
- Kolkata logged 4,374 home sales, up 2% year on year, with residential prices up 8% and office rents up 14%, while office transactions rose sharply from a low base.
- Analysts cite premiumisation, steady occupier demand from GCCs, BFSI and consulting, and earlier development lags as key drivers, with base effects from Q3 2024 influencing leasing comparisons.