Pune Leads in Home Deliveries Across Top 9 Cities in FY25; Delhi-NCR Sees Dip
In the fiscal year 2024-25, over 4 lakh homes were delivered across the top 9 cities in India, with Pune leading the pack. The improvement in delivery timelines is attributed to the Real Estate (Regulation and Development) Act (RERA).
Real EstateReraHome DeliveriesPuneDelhincrReal Estate PuneMay 01, 2025
The Real Estate (Regulation and Development) Act (RERA) has played a crucial role in enhancing the delivery timelines and overall transparency in the real estate market. Samir Jasuja, the Founder and CEO of PropEquity, highlighted the positive impact of RERA, stating, “The implementation of RERA has significantly improved the reliability and punctuality of project deliveries, fostering greater trust among homebuyers.”
Pune's success can be attributed to its robust infrastructure development and favorable business environment. The city has seen a surge in demand for residential properties, driven by the increasing population and economic growth. The local government's proactive stance in promoting real estate projects has further contributed to the city's leading position.
In contrast, Delhi-NCR, which has traditionally been one of the largest real estate markets in the country, saw a decline in home deliveries. This can be attributed to various factors, including regulatory challenges, delays in obtaining approvals, and higher input costs. However, industry experts remain optimistic about the future, citing ongoing efforts to streamline the regulatory framework and improve the investment climate.
The top 9 cities that saw significant home deliveries in FY25 include Pune, Mumbai, Bengaluru, Hyderabad, Chennai, Kolkata, Ahmedabad, and Jaipur. Each of these cities has its unique strengths and challenges, but the overall trend points towards a more stable and transparent real estate market.
Mumbai, the financial capital of India, continues to be a key player in the real estate sector, with a strong focus on high-end residential and commercial properties. Bengaluru, known for its IT industry, has seen a steady increase in demand for affordable housing, driven by the influx of young professionals.
Hyderabad, another major IT hub, has also witnessed a surge in real estate activities, particularly in the suburban areas. The city's well-planned infrastructure and favorable policies have attracted significant investments from both domestic and international developers.
Chennai, with its well-established industrial base, has seen a balanced growth in both residential and commercial sectors. Kolkata, on the other hand, has been focusing on rejuvenating its real estate market through various development initiatives and public-private partnerships.
Ahmedabad and Jaipur, both emerging as significant real estate markets, have seen a rise in demand for mid-segment properties. The local governments in these cities have been proactive in implementing policies to promote real estate development and attract investments.
Despite the challenges, the real estate sector in India remains resilient, driven by robust economic growth, favorable demographic trends, and a supportive policy environment. The implementation of RERA has been a game-changer, ensuring that homebuyers are provided with clear, transparent, and timely information about the projects they invest in.
Looking ahead, the industry is expected to witness further growth, with a focus on sustainable and smart city developments. The rising demand for affordable housing, coupled with innovative financing models, is likely to drive the market forward. Real estate developers are increasingly adopting technology and data analytics to optimize their operations and enhance the customer experience.
In conclusion, the delivery of over 4 lakh homes in FY25 across the top 9 cities in India is a testament to the sector's resilience and the positive impact of regulatory reforms. With continued efforts to address challenges and capitalize on emerging opportunities, the real estate market is poised for sustained growth in the years to come.
Frequently Asked Questions
What is the Real Estate (Regulation and Development) Act (RERA)?
RERA is a regulatory framework that aims to protect the interests of homebuyers and ensure transparency, accountability, and timeliness in real estate projects. It mandates the registration of real estate projects and sets guidelines for sales, marketing, and compliance.
Why did Pune lead in home deliveries in FY25?
Pune led in home deliveries due to its robust infrastructure, favorable business environment, and the local government's proactive stance in promoting real estate projects. The city has seen a surge in demand for residential properties driven by population growth and economic development.
What challenges did Delhi-NCR face in terms of home deliveries?
Delhi-NCR faced challenges such as regulatory delays, difficulties in obtaining approvals, and higher input costs. These factors contributed to a dip in home deliveries compared to other cities.
How has RERA impacted the real estate market in India?
RERA has significantly improved the reliability and punctuality of project deliveries, fostering greater trust among homebuyers. It has also enhanced transparency and accountability in the real estate sector, making it more investor-friendly.
What are the future trends in the Indian real estate market?
The future trends in the Indian real estate market include a focus on sustainable and smart city developments, rising demand for affordable housing, and the adoption of technology and data analytics to optimize operations and enhance the customer experience.
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