India’s residential property market may be showing signs of moderation in several cities, but select developers continue to outperform, underlining the uneven yet resilient nature of housing demand. A Bengaluru-headquartered real estate developer reported a sharp rise in quarterly sales bookings during the October-December period, driven by higher absorption volumes and improved price realisation across key markets.
According to regulatory disclosures, the developer recorded sales bookings exceeding Rs 2,100 crore in the third quarter of the current financial year, marking its strongest quarterly performance to date. This represented a significant year-on-year increase, supported by both an expansion in area sold and an upward shift in average selling prices. The company sold over 1.37 million square feet during the quarter, reflecting sustained buyer appetite for mid- to premium-segment homes in well-established urban locations. Industry analysts say the performance highlights a broader trend shaping India’s housing market: while overall transaction volumes have softened in several cities, branded developers with a track record of timely delivery, construction quality, and financial discipline continue to attract demand. “Buyers are increasingly selective, preferring projects that offer certainty, energy-efficient design, and integrated community planning,” said a housing market expert tracking southern India. A substantial share of the quarterly sales came from the Bengaluru market, which remains one of the country’s most stable residential hubs due to its diversified employment base and ongoing infrastructure investments. The National Capital Region also contributed meaningfully, reflecting renewed interest in ready and near-completion homes after years of supply overhang. Analysts note that price growth in these markets has been supported by rising input costs, tighter land availability, and stronger end-user demand rather than speculative buying.
The developer’s average price realisation increased notably compared to the same period last year, signalling buyer acceptance of higher values for projects offering better amenities, lower density, and improved environmental performance. Urban planners point out that such developments often incorporate water-efficient landscaping, improved ventilation, and proximity to employment corridors, aligning with the growing push for climate-resilient urban housing. On a cumulative basis, sales bookings for the first nine months of the financial year also showed robust growth, placing the company close to its full-year performance of the previous fiscal. This momentum comes even as industry-wide data suggests a decline in overall housing unit sales across India’s top cities during the same quarter, largely due to affordability pressures and cautious buyer sentiment. The contrast between company-level performance and market-wide moderation underscores a structural shift underway in Indian real estate. As cities expand and infrastructure-led growth reshapes urban form, demand is consolidating around developers capable of delivering reliable, well-planned housing aligned with evolving lifestyle and sustainability expectations.
Looking ahead, analysts believe that sustained sales growth will depend on how effectively developers balance pricing, construction costs, and environmental responsibility. For India’s cities, the challenge will be ensuring that strong developer performance translates into inclusive, liveable neighbourhoods rather than isolated pockets of growth.
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