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: 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.

 

Share Via

Leave a Reply

Your email address will not be published. Required fields are marked *