Housing Sales Drop 19 Per Cent Across Nine Cities In Q2

25 Jun 2025 CW Team

Housing sales in India’s nine largest property markets are projected to fall by at least 19 per cent year on year in April–June 2025, with new launches expected to contract by 30 per cent, according to PropEquity.

Mumbai and Thane lead the slide

Mumbai: Sales down 34 per cent to 8,006 units; new supply down 61 per cent to 4,949 units.

Thane: Sales also down 34 per cent; supply down 58 per cent.

Mixed fortunes elsewhere

Of the nine cities analysed, sales declined in seven. Only Delhi-NCR and Chennai defied the trend, posting rises of 16 per cent and 9 per cent respectively. On supply, six cities recorded declines, while Delhi-NCR, Hyderabad and Chennai saw increases of 37 per cent, 19 per cent and 6 per cent.

Below the 0.1 million-unit threshold

PropEquity notes that quarterly sales are poised to slip below 0.1 million units for the first time since July–September 2021, while supply will remain under that level for a fourth straight quarter. Founder and CEO Samir Jasuja attributes the cooling to a normalisation after record peaks in 2023 and 2024, particularly in Mumbai, Bengaluru and Navi Mumbai.

Jasuja highlights that Delhi-NCR’s growth is driven by fresh supply in Ghaziabad and Greater Noida, which has buoyed overall demand in the region.

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