Housing Sales Drop 16% in Top 9 Cities During Oct-Dec: PropEquity

Housing sales are estimated to have declined by 16% in the October-December period to 98,019 units across the top 9 cities, according to PropEquity. This decline is attributed to lower demand and a fall in new supply of residential properties.

This is the lowest quarterly sales recorded since July-September 2021, as highlighted by PropEquity. Housing sales in India's top 9 cities fell to 98,019 units in the fourth quarter of 2025 from 116,137 units in the year-ago period. Except for Navi Mumbai and Delhi-NCR, all 7 cities saw a decline in sales.

The data pertains to primary residential markets. Samir Jasuja, Founder & CEO of PropEquity, commented, 'Traditionally, the October-December period records strong sales momentum and new launches driven by the festive season. However, the recent decline reflects a shift toward premiumisation in the market, as evidenced by value growth despite a contraction in volumes.'

For instance, housing sales in Bengaluru are estimated to have declined by 1% to 15,603 units during the October-December period from 15,782 units in the year-ago period. In Chennai, sales fell by 3% to 4,542 units from 4,688 units.

Hyderabad witnessed a 19% decline to 11,323 units from 13,902 units, while Kolkata saw an 11% fall to 3,995 units from 4,497 units. Housing sales in Mumbai fell by 25% to 9,135 units from 12,223 units. In Thane, the sales dipped by 26% to 16,987 units from 22,817 units.

Pune recorded a 31% decline in sales to 15,788 units from 22,940 units. However, the demand in Navi Mumbai increased by 13% to 8,434 units from 7,496 units. Housing sales in Delhi-NCR rose by 4% to 12,212 units during the October-December period from 11,792 units in the year-ago period.

According to PropEquity, the fresh supply of residential properties fell by 10% to 88,427 units in Q4 2025 from 98,664 units in the year-ago period. P E Analytics Ltd, a NSE-listed company, owns and operates PropEquity, which covers over 170,000 projects of more than 57,000 developers across over 44 cities.