+
Housing sale fell by 21% in the October-December period
Real Estate

Housing sale fell by 21% in the October-December period

Housing supply in top 9 cities is expected to drop 33% and housing sales by 21% in the October-December period of CY2024, according to PropEquity. The NSE-listed real estate data analytics firm said that housing supply fell to 85,765 units in Q4 CY2024 (October-December) as against 1,27,936 units in the same period last year. However, supply rose 7% in Q4 CY2024 from 80,284 units in Q3 CY2024 (July-September).The housing sales fell to 108261 units in Q4 CY2024 as against 137225 units in the same period last year. However, sales rose 5% in Q4 CY2024 from 103213 units in Q3 CY2024. The top nine cities include Bengaluru, Hyderabad, Chennai, Kolkata, Pune, Thane, Navi Mumbai, Mumbai and Delhi-NCR.Housing supply rose 59% to 11223 units in Q4 CY2024 from 7072 units in the same period last year while sales rose 25%to 12915 units in Q4 CY2024 from 10354 units in the same period last year.“The housing supply and sales are up in Q4 CY2024 owing to the festive season demand. However, the Y-o-Y basis drop is due to the high base effect, as 2023 was a peak year for both sales and launches. A closer look at the numbers reveals that despite the drop, the supply to absorption ratio in 2024 remains the same as 2023 which indicates that the fundamentals of the real estate sector are strong and healthy,” said Samir Jasuja, CEO & Founder, PropEquity. On Y-o-Y basis, housing supply fell the most in Hyderabad (52%), followed by Thane (48%), Pune (41%), Kolkata (37%), Navi Mumbai (30%), Mumbai (25%), Chennai (17%) and Bengaluru (11%). On Q-o-Q basis, housing supply rose in five cities, namely Kolkata (148%), Navi Mumbai (52%), Pune (42%), Thane (24%) and Hyderabad (22%) while it fell in four cities namely Chennai (32%), Bengaluru (22%), Mumbai (10%) and Delhi-NCR (9%).On Y-o-Y basis, housing sales fell in Hyderabad (47%), followed by Kolkata (33%), Mumbai (27%), Pune (24%), Thane (16%), Navi Mumbai (13%), Bengaluru (13%) and Chennai (9%). On Q-o-Q basis, housing sales rose in six cities, namely Delhi-NCR (20%), Bengaluru (14%), Hyderabad (9%), Thane (7%), Kolkata (2%), Mumbai (0%) while it fell in three cities.

Housing supply in top 9 cities is expected to drop 33% and housing sales by 21% in the October-December period of CY2024, according to PropEquity. The NSE-listed real estate data analytics firm said that housing supply fell to 85,765 units in Q4 CY2024 (October-December) as against 1,27,936 units in the same period last year. However, supply rose 7% in Q4 CY2024 from 80,284 units in Q3 CY2024 (July-September).The housing sales fell to 108261 units in Q4 CY2024 as against 137225 units in the same period last year. However, sales rose 5% in Q4 CY2024 from 103213 units in Q3 CY2024. The top nine cities include Bengaluru, Hyderabad, Chennai, Kolkata, Pune, Thane, Navi Mumbai, Mumbai and Delhi-NCR.Housing supply rose 59% to 11223 units in Q4 CY2024 from 7072 units in the same period last year while sales rose 25%to 12915 units in Q4 CY2024 from 10354 units in the same period last year.“The housing supply and sales are up in Q4 CY2024 owing to the festive season demand. However, the Y-o-Y basis drop is due to the high base effect, as 2023 was a peak year for both sales and launches. A closer look at the numbers reveals that despite the drop, the supply to absorption ratio in 2024 remains the same as 2023 which indicates that the fundamentals of the real estate sector are strong and healthy,” said Samir Jasuja, CEO & Founder, PropEquity. On Y-o-Y basis, housing supply fell the most in Hyderabad (52%), followed by Thane (48%), Pune (41%), Kolkata (37%), Navi Mumbai (30%), Mumbai (25%), Chennai (17%) and Bengaluru (11%). On Q-o-Q basis, housing supply rose in five cities, namely Kolkata (148%), Navi Mumbai (52%), Pune (42%), Thane (24%) and Hyderabad (22%) while it fell in four cities namely Chennai (32%), Bengaluru (22%), Mumbai (10%) and Delhi-NCR (9%).On Y-o-Y basis, housing sales fell in Hyderabad (47%), followed by Kolkata (33%), Mumbai (27%), Pune (24%), Thane (16%), Navi Mumbai (13%), Bengaluru (13%) and Chennai (9%). On Q-o-Q basis, housing sales rose in six cities, namely Delhi-NCR (20%), Bengaluru (14%), Hyderabad (9%), Thane (7%), Kolkata (2%), Mumbai (0%) while it fell in three cities.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?