According to Propequity’s Q3 2025 housing report, India’s residential real estate market is witnessing mixed trends across major cities.
- Growth Cities (Sales Up 4%–25% YoY):
Bengaluru, Delhi NCR, Hyderabad, Chennai, and Kolkata are expected to see strong housing demand with sales projected at 50,828 units (up from 45,265 units last year). - Declining Markets (Sales Down 6%–28% YoY):
Mumbai, Thane, Navi Mumbai, and Pune are projected to witness a decline in demand, with MMR and Pune together expected to fall 17% YoY, selling 49,542 units compared to 59,816 a year ago. - Top 9 Cities (Overall Trend):
Across the nine biggest property markets (MMR, Pune, Delhi NCR, Bengaluru, Hyderabad, Chennai, Kolkata, Thane, Navi Mumbai), housing sales may dip 4% YoY, settling just above 1 lakh units.
New launches are expected to remain flat at 92,229 units, though 10% lower on a quarter-to-quarter basis. - Why Demand Stays Healthy:
Despite fewer launches, PropEquity founder Samir Jasuja noted that sales continue to outpace supply, signaling a healthy market. He expects the festive season to boost launches and absorption levels in the coming quarter.
