India’s real estate sector is witnessing a mixed trend this quarter. Housing sales across the top nine cities are expected to fall by 4% year-on-year in the July–September 2025 period, according to a fresh report by NSE-listed real estate data analytics firm, PropEquity.
The numbers suggest total housing sales may settle slightly above the 1 lakh-unit mark at 1,00,370 units, compared to 1,05,081 units sold during the same period last year.
Also Read:-Housing Sales Likely to Dip in FY2026 as Affordability Concerns Mount, Says ICRA
New Launches Remain Flat
While sales are showing a dip, new project launches have also slowed down. The third quarter is expected to see 92,229 new units, marking a 10% decline quarter-on-quarter and staying below the one lakh mark. Historically, the July–September quarter is considered slow for real estate, mainly due to the monsoon season and the inauspicious Shraadh period, which tend to dampen buyer sentiment.
Where Did Sales Fall the Most?
The decline is largely driven by Maharashtra’s major real estate hubs:
- Thane: Down 28% to 14,877 units (from 20,620 units last year)
- Pune: Down 16% to 17,762 units (from 21,066 units)
- Mumbai: Down 8% to 9,691 units (from 10,480 units)
- Navi Mumbai: Down 6% to 7,212 units (from 7,650 units)
Also Read:-MCGM Property Tax: Download | Payment Online | Tax Bill
Cities That Defied the Slowdown
While Maharashtra dragged overall numbers down, other cities reported healthy growth:
- Bengaluru: Up 21% to 16,840 units (from 13,966 units)
- Chennai: Up 16% year-on-year
- Kolkata: Up 25% year-on-year
- Hyderabad: Up 4% to 12,860 units (from 12,311 units)
- Delhi-NCR: Up 4% to 10,990 units (from 10,539 units)
This indicates a regional divergence in housing demand, with southern and eastern markets displaying resilience compared to the western region.
Market Outlook
Despite the decline in sales and new launches this quarter, experts remain optimistic.
Samir Jasuja, Founder & CEO of PropEquity, noted:
“The housing market remains healthy as sales continue to outpace new launches. While Q3 activity is subdued, we expect a strong rebound in the festive quarter, with demand likely to push launches and absorption levels higher.”
Also read:-Hero Realty Secures ₹262.75 Cr Land in Mohali for Luxury Housing Project
Key Takeaway
- Housing sales dip 4% YoY in Q3 2025 to 1,00,370 units.
- Maharashtra markets see the steepest fall, especially Thane and Pune.
- Southern and eastern cities like Bengaluru, Chennai, and Kolkata record double-digit growth.
- New launches remain below 1 lakh units, signaling cautious supply.
- Festive season expected to revive momentum in the upcoming quarter.
India’s real estate sector is witnessing a mixed trend this quarter. Housing sales across the top nine cities are expected to fall by 4% year-on-year in the July–September 2025 period, according to a fresh report by NSE-listed real estate data analytics firm, PropEquity.
The numbers suggest total housing sales may settle slightly above the 1 lakh-unit mark at 1,00,370 units, compared to 1,05,081 units sold during the same period last year.
Also Read:-Housing Sales Likely to Dip in FY2026 as Affordability Concerns Mount, Says ICRA
New Launches Remain Flat
While sales are showing a dip, new project launches have also slowed down. The third quarter is expected to see 92,229 new units, marking a 10% decline quarter-on-quarter and staying below the one lakh mark. Historically, the July–September quarter is considered slow for real estate, mainly due to the monsoon season and the inauspicious Shraadh period, which tend to dampen buyer sentiment.
Where Did Sales Fall the Most?
The decline is largely driven by Maharashtra’s major real estate hubs:
- Thane: Down 28% to 14,877 units (from 20,620 units last year)
- Pune: Down 16% to 17,762 units (from 21,066 units)
- Mumbai: Down 8% to 9,691 units (from 10,480 units)
- Navi Mumbai: Down 6% to 7,212 units (from 7,650 units)
Also Read:-MCGM Property Tax: Download | Payment Online | Tax Bill
Cities That Defied the Slowdown
While Maharashtra dragged overall numbers down, other cities reported healthy growth:
- Bengaluru: Up 21% to 16,840 units (from 13,966 units)
- Chennai: Up 16% year-on-year
- Kolkata: Up 25% year-on-year
- Hyderabad: Up 4% to 12,860 units (from 12,311 units)
- Delhi-NCR: Up 4% to 10,990 units (from 10,539 units)
This indicates a regional divergence in housing demand, with southern and eastern markets displaying resilience compared to the western region.
Market Outlook
Despite the decline in sales and new launches this quarter, experts remain optimistic.
Samir Jasuja, Founder & CEO of PropEquity, noted:
“The housing market remains healthy as sales continue to outpace new launches. While Q3 activity is subdued, we expect a strong rebound in the festive quarter, with demand likely to push launches and absorption levels higher.”
Also read:-Hero Realty Secures ₹262.75 Cr Land in Mohali for Luxury Housing Project
Key Takeaway
- Housing sales dip 4% YoY in Q3 2025 to 1,00,370 units.
- Maharashtra markets see the steepest fall, especially Thane and Pune.
- Southern and eastern cities like Bengaluru, Chennai, and Kolkata record double-digit growth.
- New launches remain below 1 lakh units, signaling cautious supply.
- Festive season expected to revive momentum in the upcoming quarter.
