Housing Sales in MMR and Pune Expected to Drop by 17% in Q3 2025
Housing sales in the Mumbai Metropolitan Region (MMR) and Pune are projected to decline by 17% year-over-year (YoY) to 49,542 units in Q3 2025, according to a report by PropEquity. The decline is attributed to a combination of factors including a drop in new launches and a shift in buyer preferences.
Housing SalesReal EstateMmrPunePropequityReal Estate NewsSep 25, 2025
According to the report, Mumbai individually reported a sales drop of 8% in Q3 2025, Thane reported a 28% fall in sales, Navi Mumbai reported a 6% fall, and Pune reported a 16% fall in total sales. On a QoQ basis, housing sales fell 1% in MMR and Pune, with Mumbai and Navi Mumbai registering 18% and 1% rises, respectively. Pune and Navi Mumbai remained flat, while Thane saw an 11% decline.
On the other hand, housing sales in India’s top 9 cities fell 4% YoY and 1% QoQ to 1.03 lakh units in Q3 2025. The top 9 cities are Bengaluru, Hyderabad, Chennai, Mumbai, Navi Mumbai, Thane, Pune, Kolkata, and Delhi-NCR. Samir Jasuja, founder and CEO of PropEquity, commented, “The reason why we feel that the housing market remains healthy even though the new launches are coming down consecutively is that the sales continue to be higher than the new launches. We anticipate that 2025 will mirror 2024 with approximately 4 lakh unit launches and approximately 4.5 lakh sales, which is marginally lower than the 2024 numbers.”
In Q3 2025, new launches in MMR and Pune cumulatively fell by 5% to 37,196 units from over 39,000 units during the same time last year. While Mumbai (40%) and Thane (28%) saw a decline in new launches, Pune (49%) and Navi Mumbai (12%) saw a rise in Q3 2025 compared to the same period last year. New launches in the top 9 cities remained flat YoY while falling 10% QoQ in Q3 2025. In H1 2025, close to 1,07,890 units were sold and nearly 85,000 units were launched in Mumbai, Navi Mumbai, Thane, and Pune, the report said.
Despite the decline in sales and launches, the overall housing market in MMR and Pune remains resilient. Factors such as lower interest rates, government incentives, and a robust economy are expected to support the market in the coming quarters. Homebuyers are also showing a preference for ready-to-move-in properties and projects with good connectivity and amenities.
Frequently Asked Questions
What is the expected decline in housing sales in MMR and Pune in Q3 2025?
Housing sales in MMR and Pune are expected to decline by 17% YoY to 49,542 units in Q3 2025, compared to 59,816 units in the same period last year.
Which cities are included in the top 9 cities for housing sales in India?
The top 9 cities for housing sales in India are Bengaluru, Hyderabad, Chennai, Mumbai, Navi Mumbai, Thane, Pune, Kolkata, and Delhi-NCR.
What is the reason behind the decline in new launches in MMR and Pune?
The decline in new launches in MMR and Pune is attributed to a combination of factors including a shift in buyer preferences, economic conditions, and a focus on completing ongoing projects.
How are housing sales in the top 9 cities performing in Q3 2025?
Housing sales in the top 9 cities fell 4% YoY and 1% QoQ to 1.03 lakh units in Q3 2025.
What is the outlook for the housing market in MMR and Pune for 2025?
Despite the decline in sales and launches, the housing market in MMR and Pune is expected to remain resilient, supported by factors such as lower interest rates, government incentives, and a robust economy.
Related News Articles
Luxury Redefined: Ceratec Group Unveils Presidential Towers in Ravet, Pune
Discover the epitome of luxury living with Ceratec Group's latest project, Presidential Towers, offering 2 and 3 BHK homes in the heart of Ravet, Pune.
Rexas Finance (RXS) Price Forecast: Will It Be a Top Performer in 2025?
Rexas Finance (RXS) is making waves in the financial sector with its innovative approach to asset management. From real estate to art and goods, RXS offers a user-friendly interface for seamless asset trading and management. This article explores the pote
Government Hikes: Ordinary Citizens Bear the Brunt in Karnataka
With a series of tax and price hikes, the Karnataka government is placing a significant financial burden on ordinary citizens. From fuel and liquor to milk and water, the costs are rising, while the government contemplates more increases in property tax,
Port Sector Development: Key Focus in My Third Term, Vadhavan Port Underway
In a significant push towards infrastructure development, the port sector has emerged as a key focus area in my third term. The work on the Vadhavan port has already begun, marking a crucial milestone in this initiative.
Women Lead the Charge in India's Real Estate Market
Women investors are increasingly making their mark in both residential and commercial real estate in India, shattering traditional gender barriers and driving market growth.
Housing Loans Reach ₹33.53 Trillion in Q2FY25: NHB
The National Housing Bank (NHB) reports that housing loans outstanding have reached ₹33.53 trillion in the second quarter of FY25, signaling a promising outlook for the housing sector.