Housing Sales In Top 9 Cities Fall 4% Yoy In Q3: Propequity

2025-09-23 02:03:14

(MENAFN- Kashmir Observer)
Representational Photo

Maharashtra saw nearly 11,000 lesser units being sold in Q3 2025 as compared to Q3 2024.

Bengaluru, Mumbai, Thane and Delhi-NCR saw about 10,000 lesser units being launched in Q3 2025 as compared to Q3 2024

New Delhi- Housing sales in India's top nine cities fell by 4% and consecutive declined for the 10^th quarter, in Q3 (July-September) 2025, settling just above the 1 lakh-unit mark at 1,00,370 units, according to a report by NSE-listed real estate data analytics firm PropEquity . New launches, however, remained flat, coming in below the 1 lakh mark at 92,229 units declining by 10% on Q-o-Q basis.

The top 9 cities are Bengaluru, Chennai, Hyderabad, Mumbai, Navi Mumbai, Pune, Thane, Kolkata and Delhi-NCR.

The Y-o-Y decline in sales across the top 9 cities during Q3 2025 was primarily led by the Maharashtra region – including Mumbai, Navi Mumbai, Thane, and Pune – which experienced a contraction ranging from 6% to 28%.

Bengaluru, Chennai and Kolkata, however, witnessed a rise of 21%, 16% and 25% respectively in Q3 2025. Delhi-NCR and Hyderabad, too, saw 4% YoY each rise in sales in Q3 2025.

On a Q-o-Q basis, sales in top 9 cities fell marginally by 1% with only Delhi-NCR (24%) and Thane (11%) seeing a drop. The other 7 cities witnessed a rise.

Samir Jasuja, Founder and CEO, PropEquity said,“The reason why we feel that the housing market remains healthy even though the new launches are coming down consecutively is because the sales continue to be higher than the new launches. We anticipate that 2025 will mirror 2024 with approximately 4 lakh unit launches and approximately 4.5 lakh sales, which is marginally lower than the 2024 numbers.”

Total Absorption
	Q3 2024	Q2 2025	Q3 2025	Q-o-Q	Y-o-Y
Bengaluru	13966	15743	16840	7%	21%
Chennai	4675	5292	5406	2%	16%
Hyderabad	12311	12017	12860	7%	4%
Kolkata	3774	3828	4732	24%	25%
Mumbai	10480	8244	9691	18%	-8%
Navi Mumbai	7650	7114	7212	1%	-6%
Pune	21066	17808	17762	0%	-16%
Thane	20620	16644	14877	-11%	-28%
Delhi NCR	10539	14481	10990	-24%	4%
Total	105081	101171	100370	-1%	-4%

On the new housing supply front , the report said that new launches in India's top 9 cities remained flat YoY, remaining below the 1 lakh unit mark, at 92,229 units in Q3 2025.

Jasuja noted,“While the current quarter has seen subdued activity, we anticipate a rebound in the upcoming quarter due to the festive season, which is expected to drive stronger demand, leading to improved launch momentum and a higher absorption level.”

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