Across the nine cities, overall sales slipped by 1%. Delhi-NCR saw the sharpest fall at 24%, followed by Thane at 11%, while markets such as Bengaluru, Hyderabad, and Mumbai recorded gains.
Representative Image (IANS)
Housing sales in India’s top nine cities fell 4% year-on-year (Y-o-Y) in the July–September quarter of 2025, totalling 1,00,370 units, according to data released by NSE-listed real estate analytics firm PropEquity. This marked the tenth consecutive quarterly decline.
New launches during the quarter remained largely unchanged at 92,229 units, but fell 10% compared to the previous quarter, the report noted.
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The decline was primarily driven by Maharashtra markets—Mumbai, Navi Mumbai, Thane, and Pune—which contracted between 6% and 28% Y-o-Y. Pune, the largest market by volume, recorded sales of 17,762 units, a 16% drop from last year.
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In contrast, Bengaluru registered a 21% increase with 16,840 units sold. Chennai rose 16% to 5,406 units, while Kolkata surged 25% to 4,732 units. Delhi-NCR and Hyderabad also posted modest Y-o-Y growth of 4% each.
Across the nine cities, overall sales slipped by 1%. Delhi-NCR saw the sharpest fall at 24%, followed by Thane at 11%, while markets such as Bengaluru, Hyderabad, and Mumbai recorded gains.
On the supply side, Bengaluru accounted for nearly one-fifth of new housing launches, though its volumes were down 10%. Chennai, Navi Mumbai, Pune, and Kolkata witnessed increases, whereas Hyderabad, Mumbai, Thane, and Delhi-NCR reported declines.
Quarter-on-quarter, new housing supply dropped 10%, led by sharp contractions in Delhi-NCR and Chennai.
Looking ahead, developers are optimistic that the festive season will spur demand, supporting stronger launches and higher absorption in the coming quarter. Additionally, recent GST reforms are expected to aid sales, as the tax on cement has been reduced from 28% to 18%, easing input costs for home builders.
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