+
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
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code