{"id":15222,"date":"2025-09-24T19:16:08","date_gmt":"2025-09-24T19:16:08","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/09\/24\/housing-sales-in-top-9-indian-cities-slip-4-in-q3-2025-launches-flat-report-real-estate-news\/"},"modified":"2025-09-24T19:16:08","modified_gmt":"2025-09-24T19:16:08","slug":"housing-sales-in-top-9-indian-cities-slip-4-in-q3-2025-launches-flat-report-real-estate-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/09\/24\/housing-sales-in-top-9-indian-cities-slip-4-in-q3-2025-launches-flat-report-real-estate-news\/","title":{"rendered":"Housing Sales In Top 9 Indian Cities Slip 4% In Q3 2025, Launches Flat: Report | Real Estate News"},"content":{"rendered":"


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Last Updated:<\/span>

New launches remain largely flat at 92,229 units, marginally below the one-lakh mark and down 10% on a sequential basis, according to real estate data analytics firm PropEquity.<\/h2>\n
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Despite subdued launches, PropEquity expects housing demand to pick up in the festive quarter, driving stronger absorption and improved launch momentum.<\/p>\n<\/figure>\n

Housing sales across India\u2019s top nine cities declined by 4% year-on-year in the July\u2013September quarter of 2025, settling just above the one-lakh mark at 1,00,370 units, according to a report by real estate data analytics firm PropEquity. This marked the 10th consecutive quarter of decline.<\/p>\n

New launches remained largely flat at 92,229 units, marginally below the one-lakh mark and down 10% on a sequential basis.<\/p>\n

The nine cities tracked in the report are Bengaluru, Chennai, Hyderabad, Mumbai, Navi Mumbai, Pune, Thane, Kolkata, and Delhi-NCR.<\/p>\n

Maharashtra region weighs on sales<\/strong><\/p>\n

The annual drop in sales was largely led by Maharashtra markets \u2014 Mumbai, Navi Mumbai, Thane, and Pune \u2014 which recorded contractions ranging from 6% to 28%. Pune remained the largest market with 17,762 units sold but posted a 16% fall. Thane saw the sharpest fall at 28%.<\/p>\n

Bengaluru, however, emerged as a bright spot, recording 16,840 units sold \u2014 a 21% jump YoY \u2014 making it the second-largest market. Chennai and Kolkata also saw strong growth of 16% and 25% respectively, while Delhi-NCR and Hyderabad reported modest 4% gains.<\/p>\n

On a sequential basis, sales fell by 1%. Delhi-NCR witnessed the steepest quarterly fall of 24%, followed by Thane at 11%, while the other seven cities registered growth.<\/p>\n

Samir Jasuja, founder and CEO of PropEquity, said, \u201cThe 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.”<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
City<\/th>\nQ3 2024<\/th>\nQ2 2025<\/th>\nQ3 2025<\/th>\nQ-o-Q<\/th>\nY-o-Y<\/th>\n<\/tr>\n<\/thead>\n
Bengaluru<\/td>\n13,966<\/td>\n15,743<\/td>\n16,840<\/td>\n7%<\/td>\n21%<\/td>\n<\/tr>\n
Chennai<\/td>\n4,675<\/td>\n5,292<\/td>\n5,406<\/td>\n2%<\/td>\n16%<\/td>\n<\/tr>\n
Hyderabad<\/td>\n12,311<\/td>\n12,017<\/td>\n12,860<\/td>\n7%<\/td>\n4%<\/td>\n<\/tr>\n
Kolkata<\/td>\n3,774<\/td>\n3,828<\/td>\n4,732<\/td>\n24%<\/td>\n25%<\/td>\n<\/tr>\n
Mumbai<\/td>\n10,480<\/td>\n8,244<\/td>\n9,691<\/td>\n18%<\/td>\n-8%<\/td>\n<\/tr>\n
Navi Mumbai<\/td>\n7,650<\/td>\n7,114<\/td>\n7,212<\/td>\n1%<\/td>\n-6%<\/td>\n<\/tr>\n
Pune<\/td>\n21,066<\/td>\n17,808<\/td>\n17,762<\/td>\n0%<\/td>\n-16%<\/td>\n<\/tr>\n
Thane<\/td>\n20,620<\/td>\n16,644<\/td>\n14,877<\/td>\n-11%<\/td>\n-28%<\/td>\n<\/tr>\n
Delhi-NCR<\/td>\n10,539<\/td>\n14,481<\/td>\n10,990<\/td>\n-24%<\/td>\n4%<\/td>\n<\/tr>\n
Total<\/strong><\/td>\n1,05,081<\/strong><\/td>\n1,01,171<\/strong><\/td>\n1,00,370<\/strong><\/td>\n-1%<\/strong><\/td>\n-4%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

New supply trends<\/strong><\/p>\n

On the supply side, new launches remained flat year-on-year but fell 10% sequentially. Bengaluru accounted for nearly one-fifth of new supply despite a 10% YoY decline. Chennai, Navi Mumbai, Pune, and Kolkata reported a rise in launches, while Bengaluru, Hyderabad, Mumbai, Thane, and Delhi-NCR recorded contractions.<\/p>\n

Delhi-NCR saw the sharpest quarter-on-quarter fall at 31%, followed by Chennai (29%) and Pune (15%). Hyderabad, Kolkata, and Navi Mumbai bucked the trend with sequential growth.<\/p>\n

Outlook<\/strong><\/p>\n

Despite subdued launches, PropEquity expects housing demand to pick up in the festive quarter, driving stronger absorption and improved launch momentum.<\/p>\n

Vijay Harsh Jha, founder and CEO of property brokerage firm VS Realtors, said, \u201cNCR continues to show strong sales momentum. Launches have come down significantly owing to the monsoon season as developers wait to launch projects during the festive quarter in anticipation of demand. The GST cut may drive sentiment-induced demand.”<\/p>\n

Ramji Subramaniam, managing director of Sowparnika Projects, said, \u201cThe surge in Bengaluru\u2019s housing sales reflects the deep confidence buyers have in the city\u2019s real estate potential. Unlike other markets that have seen a dip, Bengaluru continues to stand out, especially as a global city, thanks to its salubrious climate, a cosmopolitan culture that welcomes people from across India and abroad, and strong demand from families seeking a better standard of living, quality education, and access to a leading higher education hub.”<\/p>\n

Added to this are the city\u2019s thriving IT and startup ecosystem, infrastructure development such as the Metro, demand for quality homes among young professionals and millennials with significant disposable incomes, and its reputation for offering one of the best work-life balances across all sections. For us as developers, this reaffirms the importance of continuous innovation, uncompromising quality, and delivering homes that meet the aspirations of today\u2019s buyers, he added.<\/p>\n

Vishesh Rawat, vice-president & head (marketing, sales & CRM) of M2K Group, said, \u201cThe fact that Delhi-NCR recorded a 4% uptick in sales signals that the demand in the NCR is still strong. Going into the festive quarter, we are experiencing positive buyer sentiment and pent-up demand to translate into improved absorption. Alongside, GST rationalisation will play its part in reducing cost pressures on developers, further boosting homebuyer confidence. We look forward to capturing this upswing, confident that the festive tailwinds will amplify the region\u2019s growth momentum.”<\/p>\n

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\"Mohammad<\/figure>\n

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Mohammad Haris<\/a><\/p>\n

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

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First Published:<\/span><\/p>\n
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September 22, 2025, 11:41 IST<\/p>\n<\/div>\n<\/div>\n

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Last Updated:September 24, 2025, 16:14 IST New launches remain largely flat at 92,229 units, marginally below the one-lakh mark and down 10% on a sequential basis, according to real estate data analytics firm PropEquity. Despite subdued launches, PropEquity expects housing demand to pick up in the festive quarter, driving stronger absorption and improved launch momentum….<\/p>\n","protected":false},"author":1,"featured_media":1258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-15222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/15222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=15222"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/15222\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/1258"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=15222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=15222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=15222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}