Housing Sales in Top 9 Cities Projected to Fall 4% in Q3 on Lower Demand in Mumbai and Pune
Real estate data analytics firm PropEquity projects a 4% decline in housing sales across India's top 9 cities in the July-September quarter, primarily due to lower demand in Mumbai, Navi Mumbai, Thane, and Pune.
Housing SalesReal EstateMumbaiPunePropequityReal Estate MumbaiSep 21, 2025
Real estate data analytics firm PropEquity released data for the primary residential market in the July-September quarter, a period generally considered weak due to the monsoon season and the inauspicious Shraadh period. As per the data, housing sales across the nine cities are estimated to fall to 1,00,370 units during the July-September 2025, down from 1,05,081 units in the year-ago period.
The sales of residential properties are projected to decline in Mumbai, Navi Mumbai, Thane, and Pune, while the demand in Delhi-NCR, Chennai, Bengaluru, Hyderabad, and Kolkata are likely to be higher. 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 because the sales continue to be higher than the new launches.”
PropEquity projects that housing sales in Thane might fall 28% to 14,877 units during July-September from 20,620 units in the year-ago period. In Mumbai, sales are likely to dip 8% to 9,691 units from 10,480 units. The demand in Navi Mumbai is seen 6% lower to 7,212 units from 7,650 units. Pune market is likely to see a 16% fall in sales to 17,762 units from 21,066 units.
However, sales in Bengaluru are estimated to rise 21% to 16,840 units from 13,966 units. Sales in Hyderabad could grow 4% to 12,860 units from 12,311 units. The Delhi-NCR market too might see a 4% increase in sales to 10,990 units from 10,539 units. In Chennai, sales are expected to rise 16% to 5,406 units from 4,675 units. Lastly, the residential sales in Kolkata are estimated to increase 25% to 4,732 units during the current July-September quarter 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, “The NCR has witnessed a steady and sustained growth in residential real estate, particularly in the post-pandemic years, led primarily by end-users and long-term investors who increasingly view homes as a secure asset class.”
Darshan Govindaraju, Executive Director of Vaishnavi Group, stated that the surge in Bengaluru's housing sales underscores the city's robust market fundamentals, driven 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 Tribeca Developers Group CEO Rajat Khandelwal.
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 in India's top 9 cities for Q3 2025?
The projected decline in housing sales in India's top 9 cities for the July-September quarter of 2025 is 4%, with total sales expected to drop to over 1 lakh units.
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?
Delhi-NCR, Chennai, Bengaluru, Hyderabad, and Kolkata are expected to see an increase in housing sales.
What is the primary reason for the decline in housing sales in Mumbai and Pune?
The primary reason for the decline in housing sales in Mumbai and Pune is lower demand, possibly influenced by the monsoon season and the inauspicious Shraadh period.
What is PropEquity and what does it do?
PropEquity is a real estate data analytics firm that provides data on the primary residential market. It covers over 1.7 lakh projects of more than 57,000 developers across 44 cities in India.
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