India’s housing market is showing renewed momentum, according to the latest Housing Sentiment Index (HSI) Report – JAS 2025 by Magicbricks. After a dip from 156 to 138 in the previous quarter, the HSI has rebounded to 142, reflecting rising buyer confidence amid stabilizing prices and interest rates.

The latest survey reveals a reshuffling of city performance rankings, with Chennai emerging as the top-performing city, followed by Noida/Greater Noida and Kolkata. Affordable and high-potential markets are outperforming traditional luxury hubs, supported by infrastructure expansion, commercial growth, and new project launches. As a result, well-connected peripheral areas across major metros are attracting stronger buyer interest.

The mid-market housing segment (Rs 10–10.5 million) has emerged as the most active, recording an HSI of 149. Demand remains strong in the Rs 2–7.5 million and Rs 7.5 million–Rs 10.5 million brackets, each accounting for 39 per cent of buyer preference, indicating a broad base of end-user activity.

Property preferences are also evolving. Builder floors have overtaken plots as the most sought-after property type, driven by semi-customisable layouts and faster possession timelines. Semi-furnished homes and compact units between 500–1,000 sq. ft. continue to dominate buyer choices, reflecting a growing preference for efficient and aspirational living spaces.