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):
- Housing sales in Bengaluru declined by 6% to 14676 units in Q2 while supply fell by 13% to 14243 units.
- Housing sales in Chennai rose by 9% to 5354 units in Q2 while supply rose by 6% to 6463 units.
- Housing sales in Hyderabad fell by 20% to 11815 units in Q2 while supply rose by 19% to 10544 units.
- Housing sales in Kolkata fell by 8% to 4449 units in Q2 while supply fell by 35% to 2672 units.
- Housing sales in Mumbai fell by 34% to 8006 units in Q2 while supply fell by 61% to 4949 units.
- Housing sales in Navi Mumbai fell by 17% to 6833 units in Q2 while supply fell by 56% to 4592 units.
- Housing sales in Pune fell by 27% to 17196 units in Q2 while supply fell by 40% to 14845 units.
- Housing sales in Thane fell by 34% to 14832 units in Q2 while supply fell by 58% to 9896 units.
- Housing sales in Delhi-NCR rose by 16% to 11703 units in Q2 while supply rose by 37% to 13823 units.
About PropEquity: P.E. Analytics ltd., a NSE-listed company, owns and operates PropEquity which is India’s largest online real estate data and analytics platform covering over 1,70,000+ projects of 57,000+ developers across over 44 cities in India with more than 17 years of catalogued data. We add approximately 700 projects every month. It is a premium Business Intelligence product- a first of its kind in India in the Realty space.