<p>Bengaluru: Housing sales in India’s top nine cities between April 1 and June 20 of 2025 fell by 19% year-on-year (YoY) to below 1 lakh units, for the first time since Q3 2021. On a sequential basis, sales fell by 10%.</p>.<p>Supply followed suit, dropping 30% YoY over the quarter, according to a report by real estate data analytics firm PropEquity out on Sunday. Supply rose by a marginal 2% on a quarter-on-quarter (QoQ) basis.</p>.<p>Sales fell to 94,864 units, while supply fell to 82,027 units in the quarter, remaining below the 1 lakh mark for the fourth consecutive quarter. Again, this is as per data on June 20. To compare on a YoY basis, housing sales stood at 1.16 lakh units and supply at 1.17 units in the same quarter of 2024.</p>.Bengaluru's realty market jittery as 2nd airport site awaits confirmation.<p>On a city-wise basis, Mumbai and Thane observed the sharpest fall in housing sales at 34% each, to 8,006 units and 14,832 units, respectively. On the other hand, Delhi-NCR (at 16%) and Chennai (at 9%) were the only two cities that saw a rise in sales in April-June of 2025 on a YoY basis, to 11,703 units and 5,354 respectively.</p>.<p>Similarly, housing supply fell in six out of the nine cities with Mumbai recording the sharpest fall at 61%, reaching 4,949 units. Delhi-NCR (37%), Hyderabad (19%), and Chennai (6%) saw a rise in the period under review, to 13,823 units, 10,544 units, and 6,463 units respectively.</p>.<p>“There has been a decline in both sales and supply on QoQ basis in Mumbai, Bengaluru and Navi Mumbai as these cities recorded their high in 2023 and 2024, and are now stabilising to their normal pace. Delhi-NCR has witnessed the maximum growth in this quarter owing to a rise in supply in Ghaziabad and Greater Noida,” said Samir Jasuja, Founder and CEO, PropEquity. He attributed the rise in Chennai due to its existing limited supply and relatively smaller real estate market.</p>.<p>Jasuja elaborated to <span class="italic"><em>DH</em></span>, “After a historical high and prices having risen so much, there is a healthy correction that is happening in many real estate markets. Prices have risen 50-200% between 2021 and 2025, so investors are also backing off.”</p>.<p>Going forward, he expects this correction to continue at least for the two following quarters, though things may pick up during the festive season.</p>
<p>Bengaluru: Housing sales in India’s top nine cities between April 1 and June 20 of 2025 fell by 19% year-on-year (YoY) to below 1 lakh units, for the first time since Q3 2021. On a sequential basis, sales fell by 10%.</p>.<p>Supply followed suit, dropping 30% YoY over the quarter, according to a report by real estate data analytics firm PropEquity out on Sunday. Supply rose by a marginal 2% on a quarter-on-quarter (QoQ) basis.</p>.<p>Sales fell to 94,864 units, while supply fell to 82,027 units in the quarter, remaining below the 1 lakh mark for the fourth consecutive quarter. Again, this is as per data on June 20. To compare on a YoY basis, housing sales stood at 1.16 lakh units and supply at 1.17 units in the same quarter of 2024.</p>.Bengaluru's realty market jittery as 2nd airport site awaits confirmation.<p>On a city-wise basis, Mumbai and Thane observed the sharpest fall in housing sales at 34% each, to 8,006 units and 14,832 units, respectively. On the other hand, Delhi-NCR (at 16%) and Chennai (at 9%) were the only two cities that saw a rise in sales in April-June of 2025 on a YoY basis, to 11,703 units and 5,354 respectively.</p>.<p>Similarly, housing supply fell in six out of the nine cities with Mumbai recording the sharpest fall at 61%, reaching 4,949 units. Delhi-NCR (37%), Hyderabad (19%), and Chennai (6%) saw a rise in the period under review, to 13,823 units, 10,544 units, and 6,463 units respectively.</p>.<p>“There has been a decline in both sales and supply on QoQ basis in Mumbai, Bengaluru and Navi Mumbai as these cities recorded their high in 2023 and 2024, and are now stabilising to their normal pace. Delhi-NCR has witnessed the maximum growth in this quarter owing to a rise in supply in Ghaziabad and Greater Noida,” said Samir Jasuja, Founder and CEO, PropEquity. He attributed the rise in Chennai due to its existing limited supply and relatively smaller real estate market.</p>.<p>Jasuja elaborated to <span class="italic"><em>DH</em></span>, “After a historical high and prices having risen so much, there is a healthy correction that is happening in many real estate markets. Prices have risen 50-200% between 2021 and 2025, so investors are also backing off.”</p>.<p>Going forward, he expects this correction to continue at least for the two following quarters, though things may pick up during the festive season.</p>