India Residential Demand Moderates Amidst Rising Prices: Magicbricks

09 Apr 2025 CW Team

This sustained price increase has led to a cautious approach from homebuyers in these markets. Some of the major cities have experienced a contraction in residential demand in the past three months, including Delhi (-11.9% QoQ), Greater Noida (-10.1% QoQ), Gurugram (-6.1% QoQ), Kolkata (-4.6% QoQ), and Noida (-12.5% QoQ).

However, Hyderabad (7.5% QoQ), Bengaluru (2.7% QoQ), and Mumbai (2.3% QoQ) have bucked the trend, witnessing moderate demand growth. These cities continue to thrive as employment hubs, attracting professionals who prioritise proximity to workplaces and urban amenities, sustaining the momentum in their residential sectors.

The report also highlights a surge in residential listings, which could contribute to price stabilisation in the long run. Cities such as Greater Noida (9.7% QoQ), Pune (14.5% QoQ), and Navi Mumbai (34.5% QoQ) have recorded significant increases in residential supply over the past three months, offering homebuyers a broader range of options.

Developers are also responding to the evolving market landscape, as the supply of under-construction properties has increased 39.71% YoY and nearly 5% in just three months. Cities such as Gurugram (32.25% QoQ), Greater Noida (31.07% QoQ), and Bengaluru (18.46% QoQ) have emerged as hotspots for new residential developments, indicating strong confidence in long-term market growth.

As the Indian residential market continues to adjust to evolving economic factors and buyer sentiment, the report underscores the importance of monitoring supply trends, affordability indices, and market demand to make informed real estate decisions.

Magicbricks’ latest PropIndex Report for Q1 2025 (January-March 2025) indicates signs of moderation in residential demand across 13 key metros, amidst increasing property prices. The report reveals that residential demand increased marginally by 0.6% QoQ, while average prices surged 2.8% QoQ and 21.7% YoY, reaching an average INR 12,829 per sq. ft. This sustained price increase has led to a cautious approach from homebuyers in these markets. Some of the major cities have experienced a contraction in residential demand in the past three months, including Delhi (-11.9% QoQ), Greater Noida (-10.1% QoQ), Gurugram (-6.1% QoQ), Kolkata (-4.6% QoQ), and Noida (-12.5% QoQ). However, Hyderabad (7.5% QoQ), Bengaluru (2.7% QoQ), and Mumbai (2.3% QoQ) have bucked the trend, witnessing moderate demand growth. These cities continue to thrive as employment hubs, attracting professionals who prioritise proximity to workplaces and urban amenities, sustaining the momentum in their residential sectors. The report also highlights a surge in residential listings, which could contribute to price stabilisation in the long run. Cities such as Greater Noida (9.7% QoQ), Pune (14.5% QoQ), and Navi Mumbai (34.5% QoQ) have recorded significant increases in residential supply over the past three months, offering homebuyers a broader range of options. Developers are also responding to the evolving market landscape, as the supply of under-construction properties has increased 39.71% YoY and nearly 5% in just three months. Cities such as Gurugram (32.25% QoQ), Greater Noida (31.07% QoQ), and Bengaluru (18.46% QoQ) have emerged as hotspots for new residential developments, indicating strong confidence in long-term market growth. As the Indian residential market continues to adjust to evolving economic factors and buyer sentiment, the report underscores the importance of monitoring supply trends, affordability indices, and market demand to make informed real estate decisions.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..