Housing sales in top 9 cities fall below 1 lakh unit for the first time in 14 quarters; supply drops 30% Y-o-Y in Q2 2025: PropEquity
New Delhi, 23 June, 2025: Housing sales in India’s top 9 cities in Q2 2025 (April-June) fell below 1 lakh unit mark for the first time since Q3-2021 while supply remained below this threshold for the fourth consecutive quarter.
Sales fell by 19% on Y-o-Y basis to 94864 units while supply fell by 30% on Y-o-Y to 82027 units in the April-June period of 2025, according to a report by NSE-listed real estate data analytics firm PropEquity.
Housing sales stood at 116432 units and supply stood at 117208 units in April-June period of 2024.
According to the report, housing sales fell Y-o-Y in 7 out of the 9 cities with Mumbai and Thane witnessing the sharpest fall at 34% each while Delhi-NCR at 16% and Chennai at 9% were the only two cities that saw a rise in sales in April-June of 2025.
Similarly, housing supply fell Y-o-Y in 6 out of the 9 cities with Mumbai recording the sharpest fall at 61% while three cities saw rise in supply, namely Delhi NCR at 37%, Hyderabad at 19% and Chennai at 6% in April-June of 2025.
Samir Jasuja, Founder and CEO, PropEquity said, “This is for the first time since Q3 2021 (July-September) that housing sales have fallen below 1 lakh unit mark. Supply, too, has stayed below 1 lakh unit mark for the fourth consecutive quarter. There has been a decline in both sales and supply on Q-o-Q basis in Mumbai, Bengaluru and Navi Mumbai as these cities recorded their high in 2023 and 2024, and are now stabilising to their normal pace.”
“Delhi-NCR has witnessed the maximum growth in this quarter owing to rise in supply in Ghaziabad and Greater Noida.”
According to the report, housing sales in top 9 cities fell by 10% while supply rose by 2% on Q-o-Q basis. While Chennai, Hyderabad, Kolkata, Pune and Delhi-NCR saw a rise in supply, the sales rose in Chennai, Hyderabad, Kolkata and Delhi-NCR.
|
Total Absorption (in Units) |
|||||||
|
Location |
Q2-2024 |
Q1-2025 |
Q2 2025 |
Q-o-Q change |
Y-o-Y change |
||
|
Bengaluru |
15582 |
18508 |
14676 |
-21% |
-6% |
||
|
Chennai |
4927 |
4858 |
5354 |
10% |
9% |
||
|
Hyderabad |
14704 |
11114 |
11815 |
6% |
-20% |
||
|
Kolkata |
4826 |
4219 |
4449 |
5% |
-8% |
||
|
Mumbai |
12114 |
10432 |
8006 |
-23% |
-34% |
||
|
Navi Mumbai |
8224 |
8551 |
6833 |
-20% |
-17% |
||
|
Pune |
23429 |
17634 |
17196 |
-2% |
-27% |
||
|
Thane |
22512 |
19254 |
14832 |
-23% |
-34% |
||
|
Delhi NCR |
10114 |
11221 |
11703 |
4% |
16% |
||
|
Total |
116432 |
105791 |
94864 |
-10% |
-19% |
||
|
|
|||||||
|
New Supply (in Units) |
|||||||
|
Location |
Q2-2024 |
Q1-2025 |
Q2 2025 |
Q-o-Q change |
Y-o-Y change |
||
|
Bengaluru |
16356 |
20227 |
14243 |
-30% |
-13% |
||
|
Chennai |
6123 |
3946 |
6463 |
64% |
6% |
||
|
Hyderabad |
8886 |
8773 |
10544 |
20% |
19% |
||
|
Kolkata |
4131 |
1874 |
2672 |
43% |
-35% |
||
|
Mumbai |
12610 |
6359 |
4949 |
-22% |
-61% |
||
|
Navi Mumbai |
10421 |
5810 |
4592 |
-21% |
-56% |
||
|
Pune |
24803 |
12479 |
14845 |
19% |
-40% |
||
|
Thane |
23794 |
11205 |
9896 |
-12% |
-58% |
||
|
Delhi NCR |
10084 |
10101 |
13823 |
37% |
37% |
||
|
Total |
117208 |
80774 |
82027 |
2% |
-30% |
||
City-wise sales and supply trends (Y-o-Y):
Ø Housing sales in Bengaluru declined by 6% to 14676 units in Q2 while supply fell by 13% to 14243 units.
Ø Housing sales in Chennai rose by 9% to 5354 units in Q2 while supply rose by 6% to 6463 units.
Ø Housing sales in Hyderabad fell by 20% to 11815 units in Q2 while supply rose by 19% to 10544 units.
Ø Housing sales in Kolkata fell by 8% to 4449 units in Q2 while supply fell by 35% to 2672 units.
Ø Housing sales in Mumbai fell by 34% to 8006 units in Q2 while supply fell by 61% to 4949 units.
Ø Housing sales in Navi Mumbai fell by 17% to 6833 units in Q2 while supply fell by 56% to 4592 units.
Ø Housing sales in Pune fell by 27% to 17196 units in Q2 while supply fell by 40% to 14845 units.
Ø Housing sales in Thane fell by 34% to 14832 units in Q2 while supply fell by 58% to 9896 units.
Ø Housing sales in Delhi-NCR rose by 16% to 11703 units in Q2 while supply rose by 37% to 13823 units.