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India’s Housing Sentiment Index Rebounds to 142, Signaling Renewed Buyer Confidence: Magicbricks Report

India’s housing market is showing renewed momentum, according to the Magicbricks Housing Sentiment Index (HSI) Report JAS 2025. After dipping from 156 to 138 in the previous round, the index has rebounded to 142, reflecting growing buyer confidence despite high prices and interest rates.

City Performance:
Chennai has emerged as the top-performing city, followed by Noida/Greater Noida and Kolkata. The report highlights the rising popularity of affordable and emerging markets, driven by improved infrastructure, new launches, and growing connectivity in metro outskirts.

Segment Insights:
The mid-market housing segment (₹1–1.5 crore) recorded the highest HSI at 149, underscoring its position as the most active buyer group. Around 39% of buyers continue to seek homes in the ₹20–75 lakh range, while another 39% target ₹75 lakh–₹1.5 crore properties, signaling strong mid-segment growth.

Evolving Preferences:
Property choices are evolving — builder floors have overtaken plots as the preferred property type, favored for flexibility and quicker possession. Compact homes sized between 500–1,000 sq. ft. are leading demand, as buyers prioritize functional and modern living.

Demographics and Sentiment:
Millennials and Gen Y remain the primary demand drivers, while Gen Z and Baby Boomers show stable sentiment. Professionals earning ₹10–30 lakh annually displayed the strongest confidence, fueled by rising incomes and a “fear of missing out” on price gains.

Expert Insights:

“The rebound in housing sentiment underlines the resilience of India’s real estate market,” said Sudhir Pai, CEO, Magicbricks. “With prices and interest rates stabilizing, buyers see real estate as a safe and rewarding long-term investment. Developers offering value, space, and connectivity will benefit most from this renewed optimism.”

The HSI Report JAS 2025 reflects a market in transition — aspirational yet measured — with stable price expectations and anticipated 6–10% appreciation. As confidence returns, real estate continues to solidify its position as India’s preferred asset for wealth creation and security.
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