Housing Sales Expected to Decline in Top 9 Cities: PropEquity Report
Real estate data analytics firm PropEquity predicts a 4% dip in housing sales in India's top 9 cities for the July-September quarter due to lower demand in Mumbai and Pune.
Housing SalesReal EstatePropequityTop CitiesMarket TrendsReal Estate NewsSep 21, 2025
The decline in sales is primarily attributed to lower demand in the Mumbai region and Pune. However, other cities such as Delhi-NCR, Chennai, Bengaluru, Hyderabad, and Kolkata are expected to see an increase in demand.
Samir Jasuja, Founder and CEO of PropEquity, commented on the market dynamics: 'The housing market remains healthy, even though new launches are coming down consecutively, because the sales continue to be higher than the new launches.' This indicates a sustained interest in the residential property market, despite the seasonal slowdown.
Specifically, PropEquity projects that housing sales in Thane will fall by 28% to 14,877 units from 20,620 units in the year-ago period. In Mumbai, sales are expected to dip by 8% to 9,691 units from 10,480 units, while Navi Mumbai is projected to see a 6% decline to 7,212 units from 7,650 units.
Pune's housing market is anticipated to experience a 16% fall in sales to 17,762 units from 21,066 units. Despite these declines, several cities are expected to see growth in sales. Bengaluru, for instance, is estimated to see a 21% increase in sales to 16,840 units from 13,966 units. Hyderabad's sales could grow by 4% to 12,860 units from 12,311 units.
Delhi-NCR is projected to witness a 4% increase in sales to 10,990 units from 10,539 units. In Chennai, sales are expected to rise by 16% to 5,406 units from 4,675 units. Lastly, residential sales in Kolkata are estimated to increase by 25% to 4,732 units during the current July-September quarter, up from 3,774 units in the corresponding period of the preceding year.
The new supply of residential properties is projected to remain flat this quarter at over 92,000 units. Aakash Ohri, Joint MD and Chief Business Officer of DLF Home Developers, noted that the NCR has seen steady and sustained growth in residential real estate, particularly in the post-pandemic years, driven by end-users and long-term investors who view homes as a secure asset class.
Darshan Govindaraju, Executive Director of Vaishnavi Group, highlighted the robust market fundamentals in Bengaluru, which are powered by sustained homebuyer demand, rising investor confidence, and expanding economic opportunities. 'For quality developments in the right locations, buyer conviction continues to be very high,' added Rajat Khandelwal, CEO of Tribeca Developers Group.
P.E Analytics Ltd, a NSE-listed company, owns and operates PropEquity, which covers over 1.7 lakh projects of more than 57,000 developers across 44 cities in India.
Frequently Asked Questions
What is the projected decline in housing sales for the July-September quarter?
PropEquity projects a 4% decline in housing sales in India's top 9 cities for the July-September quarter.
Which cities are expected to see a decline in housing sales?
Mumbai, Navi Mumbai, Thane, and Pune are expected to see a decline in housing sales.
Which cities are expected to see an increase in housing sales?
Bengaluru, Hyderabad, Delhi-NCR, Chennai, and Kolkata are expected to see an increase in housing sales.
What factors are contributing to the decline in housing sales?
The decline is primarily attributed to lower demand in the Mumbai region and Pune, as well as the monsoon season and the inauspicious Shraadh period.
What is PropEquity?
PropEquity is a real estate data analytics firm owned and operated by P.E Analytics Ltd, covering over 1.7 lakh projects of more than 57,000 developers across 44 cities in India.
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