The PropIndex APR-JUN 2025 report delves into a nuanced market characterized by distinct regional variations and unwavering buyer confidence, predominantly fueled by aggressive infrastructure development across the country.

The report reflects steady end-user demand and investor confidence, with values now settling into a more stable growth pattern. The report identifies a clear divergence in buyer preferences: IT-driven cities like Bengaluru, Hyderabad, Gurugram, and Noida are seeing higher demand for spacious 2BHK and 3BHK homes (approx 80%), contributing to appreciation in larger unit sizes. Conversely, the Mumbai Metropolitan Region (MMR) remains driven by compact homes, with a strong preference for 1BHK and 2BHK units.

Major infrastructure projects are key drivers of appreciation, with Pune (39.4% YoY), Greater Noida (35.3% YoY), and Kolkata (33.2% YoY) demonstrating strong capital value appreciation due to enhanced connectivity. Projects like the Navi Mumbai International Airport and Mumbai Trans Harbour Link are fundamentally reshaping property values.

This quarter, the market observed a notable shift in supply dynamics, with the QoQ supply growth being subdued, marking its lowest increase in the past five quarters, following a period of consistent surge. Although overall demand remains consistent, a notable supply-demand imbalance is present within the affordable housing segment. Demand for units priced under ₹30 lakh and 1BHK configurations continues to exceed available inventory, contributing to competitive pricing in these categories. Premium properties, while seeing interest, have a more balanced supply-demand dynamic.

Commenting on the report, Prasun Kumar, Chief Marketing Officer, Magicbricks, said, “The Q2 2025 PropIndex indicates a maturing Indian real estate market, driven by genuine end-user demand and the transformative impact of infrastructure. The significant capital value appreciation, particularly the 23.9% YoY growth, underscores the sector’s strength. While the overall growth is highly encouraging, the regional nuances highlight evolving buyer preferences and the ongoing need for developers to align supply with specific market demands, especially in the affordable housing segment. We anticipate this positive trajectory to continue, with infrastructure remaining a key growth engine.”

The Magicbricks PropIndex is a quarterly report tracking price trends and demand shifts in key Indian cities, providing comprehensive insights for homebuyers, sellers, investors, and policymakers.

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NEW DELHI: Magicbricks, India’s leading real estate platform, released its flagship PropIndex Report OND which observed that property prices across 13 prime cities increased 18.8% YoY and 3.97% QoQ between Oct-Dec 2023. Notably, Gurugram (32.1% YoY), Greater Noida (31% YoY), Noida (26.1% YoY), and Hyderabad (15.8% YoY) exhibited the highest appreciation during this period.

Drawing insights from the behavior and preferences of over 2 crore customers within the primary (first-time sale) and secondary (resale) residential real estate market on the Magicbricks platform, the report indicated that while demand (searches) increased 2.0% YoY, it decreased 16.9% QoQ primarily due to rising property prices. The analysis further highlighted that residential supply (listings) reduced 16.9% YoY, with exceptions in Mumbai (4.2% YoY) and Hyderabad (0.4% YoY), where supply increased.

Elaborating on the findings, Abhishek Bhadra, Head of Research, Magicbricks, shared, “The year 2023 served as a pivotal period for the real estate sector, witnessing an exponential surge in residential demand propelled by robust macroeconomic factors and positive customer sentiment. However, constrained residential supply and increasing home loan rates had an inflationary impact on residential prices, subsequently declining demand this quarter. Despite these short-term challenges, we foresee a positive trajectory for residential demand in the medium to long term, anticipating a rebound in supply and moderation in residential prices.”

The report concluded that the affordable housing market flourished in Ahmedabad (62%) and Kolkata (48%) and luxury properties were most searched in MMR (90%), New Delhi (58%), and Gurugram (48%).

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