Rising construction costs and developers’ shift toward premium housing slowed new housing project launches across India’s major cities in 2025, according to JLL India’s latest residential market report. The report said developer focus on higher-margin premium projects, elevated construction costs, and steady buyer demand pushed up housing prices across all key markets.

Between January – September 2025, India’s top seven cities saw 2,25,001 new homes launched, down 1% from the same period in 2024. Developers continued to focus on homes priced above Rs 1 crore, while overall new supply stayed measured amid higher costs and uncertain economic conditions.

“While premium housing saw strong demand, developers were cautious with new mid-range and affordable launches… Q3 2025 brought 70,915 new

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