Housing Sales Expected to Drop 19% in Major Indian Cities During April-June 2024
According to PropEquity, housing sales in India's top nine cities are estimated to fall by 19% in the second quarter of 2024, primarily due to lower new launches and subdued demand.
Housing SalesReal EstateIndian CitiesPropequityMarket TrendsReal Estate NewsJun 22, 2025
New Delhi, Jun 22 (PTI) Housing sales are estimated to fall 19 per cent in April-June across nine major cities to 94,864 units on lower launches and subdued demand, according to PropEquity.
In its report released on Sunday, real estate data analytics firm PropEquity mentioned that housing sales are expected to dip by 19 per cent to 94,864 units in the second quarter of this calendar year from 1,16,432 units in the year-ago period.
Samir Jasuja, Founder and CEO of PropEquity said, “This is for the first time since Q3, 2021 (July-September) that housing sales have fallen below 1 lakh unit mark. Supply, too, has stayed below 1 lakh unit mark for the fourth consecutive quarter.”
New supply is estimated to fall 30 per cent to 82,027 units from 1,17,208 units during the period under review.
As per the data, housing sales in Bengaluru are estimated to fall 6 per cent to 14,676 units in April-June this year from 15,582 units in the year-ago period.
Sales of residential properties in Hyderabad are likely to fall 20 per cent to 11,815 units from 14,704 units.
Housing sales in Mumbai might fall 34 per cent to 8006 units from 12,114 units.
Navi Mumbai is likely to witness a 17 per cent decline in sales to 6,833 units from 8,224 units.
Housing sales in Thane are expected to decline 34 per cent to 14,832 units from 22,512 units.
Pune is likely to witness a 27 per cent fall in sales to 17,196 units from 23,429 units.
Housing sales in Kolkata are likely to decrease by 8 per cent to 4,449 units from 4,826 units.
However, Delhi-NCR and Chennai residential markets are likely to report higher sales. Housing sales in Delhi-NCR could rise 16 per cent to 11,703 units from 10,114 units. Sales of residential properties in Chennai are expected to rise 9 per cent to 5,354 units during April-June 2025 from 4,927 units in the year-ago period. P.E. Analytics, a NSE-listed company, owns and operates PropEquity platform.
PropEquity has more than 17 years of catalogued data. It tracks more than 40 cities of India.
Frequently Asked Questions
What is the estimated percentage drop in housing sales across major Indian cities in April-June 2024?
Housing sales are estimated to fall by 19 per cent across nine major cities in April-June 2024.
Which city is expected to see the highest decline in housing sales?
Mumbai is expected to see the highest decline in housing sales, with a 34 per cent drop.
What is the primary reason for the decline in housing sales according to PropEquity?
The primary reasons for the decline in housing sales are lower new launches and subdued demand.
Which cities are expected to report higher sales in the housing market?
Delhi-NCR and Chennai are expected to report higher sales in the housing market.
How long has PropEquity been tracking real estate data?
PropEquity has been tracking real estate data for more than 17 years.
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