Housing Sales in Top 9 Indian Cities Projected to Decline 4% in Q3
According to PropEquity, India's top 9 cities are expected to see a 4% drop in housing sales in the July-September quarter, primarily due to lower demand in Mumbai and Pune.
Housing SalesReal EstatePropequityIndian CitiesResidential MarketReal Estate NewsSep 21, 2025
Real estate data analytics firm PropEquity released their data on the primary residential market for July-September, which is generally considered a weak quarter due to the monsoon season and the inauspicious Shraadh period. According to the data, housing sales across the nine cities are estimated to fall 4% to 1,00,370 units during the July-September 2025, as compared to 1,05,081 units in the year-ago period.
Sales of residential properties are projected to decline in Mumbai, Navi Mumbai, Thane, and Pune, while demand in Delhi-NCR, Chennai, Bengaluru, Hyderabad, and Kolkata are likely to be higher. Samir Jasuja, Founder and CEO of PropEquity, said, “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 projected 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, while 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. Commenting on the data, Aakash Ohri, Joint MD and Chief Business Officer of DLF Home Developers, said, “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, noted that the surge in Bengaluru's housing sales underscores the city's robust market fundamentals, 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,” said Rajat Khandelwal, CEO of Tribeca Developers Group.
P.E Analytics Ltd, a NSE-listed company, owns and operates PropEquity, which is covering over 1.7 lakh projects of more than 57,000 developers across 44 cities in India. This comprehensive coverage provides valuable insights into the Indian real estate market, helping stakeholders make informed decisions.
Frequently Asked Questions
What is the expected decline in housing sales in India's top 9 cities for Q3 2025?
India's top 9 cities are expected to see a 4% decline in housing sales in the July-September 2025 quarter, primarily due to lower demand in Mumbai and Pune.
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 in the July-September 2025 quarter.
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 in the July-September 2025 quarter.
What factors are contributing to the decline in housing sales?
The decline is mainly attributed to the monsoon season, the inauspicious Shraadh period, and lower demand in certain regions like Mumbai and Pune.
What does PropEquity project for the new supply of residential properties in Q3 2025?
PropEquity projects that the new supply of residential properties will remain flat at over 92,000 units in the July-September 2025 quarter.
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