The number of homes delivered in India’s top 9 cities have risen by 33% to 4,06,889 units in FY25 with only Delhi-NCR witnessing a Y-o-Y decline, according to a report by NSE-listed data analytics firm PropEquity.
With this, the total homes delivered in the last three financial years stood at over 10 lakh units.
The top 9 cities are Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR, Mumbai, Thane, Navi Mumbai and Pune.
Delhi-NCR bucked the trend with 8% decline in the number of homes delivered in FY25.
The other 8 cities witnessed 22-88% growth in number of homes delivered with Kolkata (88%) rising the most and Mumbai (22%) rising the least in FY25.
Samir Jasuja, Founder and CEO, PropEquity said: “More than 1 lakh homes have been delivered in FY25. The cause of this surge is due to the delivery of homes launched in 2018/19, the construction of which experienced some slowdown due to the pandemic and other factors. The deliveries have also been expedited due to government’s SWAMIH (Special Window for Affordable and Mid-Income Housing) Fund. The strict compliance and implementation under RERA have also played a major role in developers adhering to project delivery timelines.”
“The positive market sentiments over the past couple of years have ensured strong cash-flows and faster project executions. As reputed and branded developers increase their market share, this trend in delivery of homes is expected to continue. SWAMIH 2.0 will also play a significant role in expediting delivery of stalled projects.”
| Units Delivered | ||||
| Location | FY(2023-24) | FY(2024-25) | % Change | % share in FY25 |
| Bengaluru | 36568 | 46103 | 26% | 30% |
| Chennai | 13148 | 19650 | 49% | |
| Hyderabad | 35641 | 57304 | 61% | |
| Kolkata | 9441 | 17718 | 88% | 4% |
| Mumbai | 34471 | 41999 | 22% | 55% |
| Navi Mumbai | 15415 | 21112 | 37% | |
| Pune | 58049 | 81563 | 41% | |
| Thane | 55479 | 77017 | 39% | |
| Delhi NCR | 48388 | 44423 | -8% | 11% |
| Total | 306600 | 406889 | 33% | |
(The data represents apartments, row houses and villas whose occupancy certificate has been received)
According to the report, Western India (Mumbai, Navi Mumbai, Thane and Pune) accounted for 55% of the total homes delivered in FY25, a rise from 53% in FY24 while Southern India (Bengaluru, Chennai and Hyderabad) accounted for 30% share, a rise from 28% in FY24. Kolkata accounted for 4% share in FY25, a rise from 3% in FY24.
Delhi-NCR accounted for 11% share in FY25, a decline from 16% in FY24.
The most number of homes were delivered in Pune at 81563 units (41% Y-o-Y growth), followed by 77017 units in Thane (39% Y-o-Y growth), 57304 units in Hyderabad (61% Y-o-Y growth), 46103 units in Bengaluru (26% Y-o-Y growth), 44423 units in Delhi-NCR (8% Y-o-Y decline), 41999 units in Mumbai (22% Y-o-Y growth), 21112 units in Navi Mumbai (37% Y-o-Y growth), 19650 units in Chennai (49% Y-o-Y growth) and 17718 units in Kolkata (88% Y-o-Y growth).
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.