New Housing Supply Drops 34% in India’s Top-9 Cities
Real Estate

New Housing Supply Drops 34% in India’s Top-9 Cities

India’s residential real estate market experienced a 34% decline in new housing supply during the January-March 2025 period, with only 80,774 units launched, compared to 1,22,365 units in the same period last year, according to data from PropEquity.

Among the top nine cities, Bengaluru was the only market to record an increase, with new housing supply rising 17% to 20,227 units, up from 17,303 in the year-ago period. In contrast, other major cities witnessed a significant decline. Chennai saw a 46% drop to 3,946 units, while Hyderabad recorded a 38% decline to 8,773 units. Kolkata was among the worst hit, with a 62% decrease, bringing supply down to 1,874 units from 4,964 last year.

The Mumbai Metropolitan Region (MMR) also saw a sharp contraction in new launches. Mumbai registered a 50% decline to 6,359 units, while Navi Mumbai saw a 24% dip to 5,810 units. Similarly, Pune’s new housing supply fell 48% to 12,479 units, and Thane saw a 50% drop to 11,205 units. Meanwhile, Delhi-NCR recorded a relatively modest 14% decline, with 10,101 units launched, compared to 11,699 in the previous year.

This slowdown in new supply could be attributed to regulatory changes, market corrections, and cautious investor sentiment. Developers are likely recalibrating their strategies in response to evolving demand dynamics, and the coming quarters will determine whether supply rebounds to match market needs."

India’s residential real estate market experienced a 34% decline in new housing supply during the January-March 2025 period, with only 80,774 units launched, compared to 1,22,365 units in the same period last year, according to data from PropEquity.Among the top nine cities, Bengaluru was the only market to record an increase, with new housing supply rising 17% to 20,227 units, up from 17,303 in the year-ago period. In contrast, other major cities witnessed a significant decline. Chennai saw a 46% drop to 3,946 units, while Hyderabad recorded a 38% decline to 8,773 units. Kolkata was among the worst hit, with a 62% decrease, bringing supply down to 1,874 units from 4,964 last year.The Mumbai Metropolitan Region (MMR) also saw a sharp contraction in new launches. Mumbai registered a 50% decline to 6,359 units, while Navi Mumbai saw a 24% dip to 5,810 units. Similarly, Pune’s new housing supply fell 48% to 12,479 units, and Thane saw a 50% drop to 11,205 units. Meanwhile, Delhi-NCR recorded a relatively modest 14% decline, with 10,101 units launched, compared to 11,699 in the previous year.This slowdown in new supply could be attributed to regulatory changes, market corrections, and cautious investor sentiment. Developers are likely recalibrating their strategies in response to evolving demand dynamics, and the coming quarters will determine whether supply rebounds to match market needs.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code