A favorable market sentiment across India's major cities.
The India Monthly Market Dynamics provides a comprehensive overview of India's real estate market. The report highlights that in August 2025, demand for office space and retail leasing has gone up in most cities, while residential new launches increased across several markets.
India's residential property sector experienced considerable deceleration in H1 2025, marking a substantial departure from the robust post-COVID recovery. Transaction volumes totaled 134,776 units, constituting the first post-pandemic contraction in semi-annual sales with a 13% annual decrease. This decline reflects evolving consumer preferences, altered pricing mechanisms, and shifting macroeconomic factors. Despite H1 challenges, Q2 2025 exhibited stability through 69,530 deals, achieving 7% sequential improvement as most metropolitan areas excluding Bengaluru and Mumbai registered quarterly advancement.
Geographic concentration remained significant, with Bengaluru, Mumbai, and Pune jointly capturing 63% of H1 2025 transactions, solidifying their dominance as principal residential centers. Four leading metros individually exceeded 10,000-unit sales in Q2 2025. Chennai distinguished itself as the sole metropolis achieving 15% annual sales expansion during H1 2025, defying market conditions. Fresh project introductions represented 26% of semi-annual transactions, supported by established developers providing dependable completion schedules.
The report offers city-specific insights on office, retail, and residential markets for key Indian cities, including rental and capital value trends, significant transactions, and infrastructure updates. It serves as a valuable resource for understanding the current state and future trajectory of India's real estate market. What’s more? Dr. Samantak Das, Chief Economist and Head Research & REIS, shares his insights on ‘India Institutional Capital Flow Market Perspective’ published by JLL.