Top 9 Indian Cities to Witness a 4% Decline in Housing Sales in Q3 2025
Housing sales in India’s top nine cities are expected to decline by 4% in the July-September quarter, settling just above the 1 lakh-unit mark. Pune is likely to see a 16% fall in sales, while Bengaluru, Chennai, and Kolkata are expected to witness growth.
Housing SalesReal EstateIndian CitiesPropequityMarket TrendsReal Estate NewsSep 21, 2025
New launches, however, are expected to remain flat, touching below the 1 lakh-unit mark at 92,229 units, declining by 10% on a quarter-over-quarter basis.
As per the data, the housing sales across nine cities are estimated to fall 4% to 1,00,370 units during the July-September 2025, compared to 1,05,081 units in the year-ago period. The year-over-year decline in sales across the top 9 cities during Q3 2025 will primarily be led by the Maharashtra region, including Mumbai, Navi Mumbai, Thane, and Pune, which experienced a contraction in sales ranging from 6% to 28%, the report noted.
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 demand in Navi Mumbai is seen 6% lower to 7,212 units from 7,650 units. Pune is expected to see a 16% fall in sales to 17,762 units from 21,066 units.
However, not all cities are experiencing a decline. Bengaluru, Chennai, and Kolkata are likely to witness a rise of 21%, 16%, and 25%, respectively, in Q3 2025. Delhi-NCR and Hyderabad are also expected to see a 4% year-over-year increase in sales in Q3 2025.
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 might see a 4% increase in sales to 10,990 units from 10,539 units.
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.”
On the new housing supply front, the report stated that new launches in India’s top 9 cities are expected to remain flat year-over-year, remaining below the 1 lakh-unit mark, at 92,229 units in Q3 2025. “While the current quarter has seen subdued activity, we anticipate a rebound in the upcoming quarter due to the festive season, which is expected to drive stronger demand, leading to improved launch momentum and a higher absorption level,” Jasuja added.
Despite the expected decline in sales, the housing market in India is expected to remain resilient, driven by the festive season and a gradual recovery in demand. PropEquity’s insights provide valuable data for real estate developers, investors, and homebuyers to make informed decisions in the market.
Frequently Asked Questions
Which cities are expected to see a decline in housing sales in Q3 2025?
Pune, Mumbai, Navi Mumbai, and Thane are expected to see a decline in housing sales in Q3 2025.
What is the expected decline in housing sales in Thane?
Housing sales in Thane are expected to fall by 28% to 14,877 units during July-September from 20,620 units in the year-ago period.
Which cities are expected to see an increase in housing sales in Q3 2025?
Bengaluru, Chennai, Kolkata, Delhi-NCR, and Hyderabad are expected to see an increase in housing sales in Q3 2025.
What is the expected increase in housing sales in Bengaluru?
Sales in Bengaluru are estimated to rise 21% to 16,840 units from 13,966 units in Q3 2025.
What is the forecast for new launches in India’s top 9 cities in Q3 2025?
New launches in India’s top 9 cities are expected to remain flat year-over-year, remaining below the 1 lakh-unit mark, at 92,229 units in Q3 2025.
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