Major Cities See Sharp Drop in Housing Sales and New Supply: India’s housing sector is witnessing a notable slowdown. According to PropEquity, housing sales in nine major cities are set to fall 19% year-on-year (YoY) in Q2 2025 (April to June).
New housing supply is expected to drop even further—by 30% YoY—marking a significant dip in residential activity across urban India.
Mumbai recorded the steepest drop, with sales plummeting 34% YoY to 8,006 units. The city also saw a 61% fall in new supply, reaching just 4,949 units.
Thane mirrored this trend, with sales and new launches each down 34% and 58% YoY, respectively.
Out of the nine cities surveyed, seven saw declining sales. The exceptions were Delhi-NCR and Chennai, where sales rose 16% and 9% YoY, respectively.
Delhi-NCR also led in new housing supply, posting a 37% increase, followed by Hyderabad (19%) and Chennai (6%).
For the first time since Q3 2021, housing sales are projected to fall below 1 lakh units.
New supply has also remained under this mark for the fourth consecutive quarter, signaling a broader slowdown in the sector.
In Bengaluru, sales declined 6% YoY to 14,676 units, with supply down 13% to 14,243 units.
Pune saw sales fall by 27% to 17,196 units, while supply shrank 40% to 14,845 units.
Hyderabad’s housing sales dropped 20% YoY, but the city witnessed a 19% rise in supply, reflecting developer optimism.
Navi Mumbai recorded a 17% fall in sales to 6,833 units, and new launches dipped 56% to 4,592 units.
PropEquity CEO Samir Jasuja noted that major cities like Mumbai, Bengaluru, and Navi Mumbai are now cooling off after peaking in 2023–24.
He also credited Ghaziabad and Greater Noida for driving growth in Delhi-NCR, thanks to increased inventory and buyer demand.
The housing market appears to be stabilising after aggressive growth over the past two years.
While demand has eased, the slowdown in new launches may help balance inventory and stabilize prices in the near future.
This post was published on July 2, 2025 1:02 pm
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