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Residential gross sales in Q1 2025 (January-March) skilled solely a modest decline and added as much as 65,246 items. This restricted drop was primarily as a result of sturdy demand within the Rs 3-5 crore and Rs 1.5-3.0 crore segments, which helped counterbalance the slowdown in comparatively inexpensive housing, in accordance with a JLL report.
The regular progress in increased ticket dimension houses signifies rising affluence amongst homebuyers, altering life-style preferences and consumers prioritising bigger and premium properties.
In line with the report, housing gross sales in India’s prime seven cities continued to be dominated by Bengaluru, Mumbai, and Pune, which collectively accounted for 66 per cent of Q1 gross sales.
Excessive focus of MNCs and startups creating vital employment alternatives and ongoing infrastructure enhancements make these cities more and more engaging locations to reside and work.
It’s attention-grabbing to notice that over the previous couple of quarters a major share of quarterly gross sales quantity has been contributed by tasks launched throughout the identical quarter.
Q1 2025 was no exception, with round one-fourth of its gross sales being contributed by quarterly new launches. Launches by reputed builders with assurance of well timed supply and regular worth appreciation, are driving the pattern, the report knowledgeable.
“The residential actual property market is displaying indicators of a shift in purchaser preferences with decreasing of demand for lower than Rs 1 crore housing and a rising affinity for mid to high-end properties. This as effectively suggests a possible upward motion within the general market dynamics,” stated Dr Samantak Das, Chief Economist and Head of Analysis and REIS, India, JLL.
“This upswing within the higher-priced section demand has shielded the general housing gross sales from a sharper decline,” Das added.
Builders are focusing extra on mid to high-end tasks to align with present demand patterns. Excessive-end housing sector skilled a gradual upswing with 107 per cent year-on-year progress in launches of properties priced at Rs 1 crore and above, pushed by robust gross sales on this section.
Progress in launches regardless of financial uncertainties indicators sturdy developer confidence in high-end housing demand, stated the report, including that 2025 is poised for sturdy progress within the residential sector demand.
