Property values in major Indian cities have surged by 10%-30% in early 2025, but demand from resident buyers is declining, with unsold luxury homes in Mumbai reaching 8,420 units. Sales across the Top 7 cities fell to 93,280 in Q1-2025, down from over 130,000 the previous year, indicating a slowdown influenced by rising prices and geopolitical factors. Gulf NRIs are reconsidering investments in Indian real estate, focusing on personal circumstances like children's education, while Indian banks have slightly reduced lending rates amidst a cautious market sentiment.