Business · India Bureau
India's property listings stagnate with just 0.5% quarterly growth
Property inventory across India expanded marginally in the third quarter, with emerging markets Nagpur and Lucknow driving growth while established hubs Hyderabad and Surat experienced significant stock contractions.
LSN India ·
India's residential property market showed subdued momentum in the third quarter, with overall listings increasing a mere 0.5% compared to the previous period, reflecting a slowdown in new inventory additions across major metropolitan areas.
Secondary cities emerged as bright spots in the otherwise muted quarter. Nagpur and Lucknow posted the strongest gains in available property stock, capitalizing on growing investor interest and infrastructure development in these emerging markets. The performance underscores a broader shift in demand patterns as buyers and developers explore opportunities beyond traditional major metros.
In contrast, established real estate hubs faced headwinds. Hyderabad and Surat, both significant property markets, witnessed substantial reductions in available inventory during the quarter. The decline suggests either strong sales velocity absorbing existing stock or developer caution in listings amid market uncertainties.
The tepid overall growth in listings reflects the complex dynamics currently shaping India's property sector, with market consolidation occurring around specific growth corridors while traditionally dominant centers reassess their market positioning.