Housing Sales Drop 19 Per Cent Across Nine Cities In Q2
Real Estate

Housing Sales Drop 19 Per Cent Across Nine Cities In Q2

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.

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 slideMumbai: 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 elsewhereOf 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 thresholdPropEquity 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.

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?