Top 9 Indian Cities to See 4% Drop in Housing Sales, PropEquity Reports
PropEquity, a leading real estate data analytics firm, projects a 4% decline in housing sales in the top 9 Indian cities for the quarter ending September 2025, primarily due to lower demand in Mumbai, Navi Mumbai, Thane, and Pune.
Housing SalesReal EstatePropequityMumbaiPuneReal EstateSep 21, 2025
Real estate data analytics firm PropEquity has released 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 per cent to 1,00,370 units during the July-September 2025 quarter, 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 is likely to be higher.
Samir Jasuja, Founder and CEO of PropEquity, stated, 'The reason we feel that the housing market remains healthy, even though new launches are coming down consecutively, is because sales continue to be higher than new launches.'
PropEquity projected that housing sales in Thane might fall 28 per cent to 14,877 units during July-September from 20,620 units in the year-ago period.
In Mumbai, sales are likely to dip 8 per cent to 9,691 units from 10,480 units, while the demand in Navi Mumbai is seen 6 per cent lower to 7,212 units from 7,650 units.
Pune's market is likely to see a 16 per cent fall in sales to 17,762 units from 21,066 units.
However, sales in Bengaluru are estimated to rise 21 per cent to 16,840 units from 13,966 units.
Sales in Hyderabad could grow 4 per cent to 12,860 units from 12,311 units.
The Delhi-NCR market too might see a 4 per cent increase in sales to 10,990 units from 10,539 units.
In Chennai, sales are expected to rise 16 per cent to 5,406 units from 4,675 units.
Lastly, residential sales in Kolkata are estimated to increase 25 per cent 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.
'The buyer conviction continues to be very high for quality developments in the right locations,' said 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 for the top 9 Indian cities in the July-September 2025 quarter?
The top 9 Indian cities are projected to see a 4 per cent decline in housing sales to over 1 lakh units in the July-September 2025 quarter.
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.
Why is the July-September quarter considered weak for housing sales?
The July-September quarter is generally considered weak for housing sales due to the monsoon season and the inauspicious Shraadh period.
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 PropEquity's stance on the overall health of the housing market?
PropEquity believes that the housing market remains healthy despite a decline in new launches, as sales continue to be higher than new launches.
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