Housing Sales Surge in Bengaluru, Delhi NCR, Hyderabad, Chennai, and Kolkata
The Indian housing market continues to show resilience as Bengaluru, Delhi NCR, Hyderabad, Chennai, and Kolkata are set to witness strong growth in housing sales. According to Propequity, these cities are expected to see sales rise by 4% to 25% in the July–September 2025 quarter. This trend reflects growing demand and buyer confidence, even as other major markets like Mumbai, Pune, and Thane experience a slowdown.
Strong Sales Outlook in Key Cities
Bengaluru, Delhi NCR, Hyderabad, Chennai, and Kolkata are emerging as hotspots for homebuyers. Housing demand remains robust, with projected sales reaching 50,828 units, up from 45,265 units in the same quarter last year. Although slightly lower than the 51,361 units sold in the April–June 2025 quarter, the numbers indicate a steady market with sustainable growth.
New launches are also on the rise in these cities. Analysts expect 55,033 units to be launched in the July–September 2025 quarter, compared to 53,016 units in the same period last year. This gradual increase in launches aligns with the growing appetite for homes in urban centers.
Contrasting Trends in Maharashtra
While the southern and eastern cities see growth, Maharashtra’s real estate market faces challenges. Mumbai, Thane, Navi Mumbai, and Pune are projected to experience a decline in housing sales ranging from 6% to 28%. Sales in the Mumbai Metropolitan Region (MMR) and Pune are expected to drop by 17% YoY, with 49,542 units sold compared to 59,816 units in the same quarter last year.
Breaking it down further:
- Mumbai: 8% decline in sales
- Thane: 28% fall
- Navi Mumbai: 6% drop
- Pune: 16% decrease
Despite these figures, some regions show signs of recovery on a quarterly basis. Mumbai and Navi Mumbai recorded slight rises in sales QoQ, while Thane saw an 11% decline. This uneven performance highlights the dynamic nature of India’s real estate sector.
Top Nine Cities: Overall Performance
Across India’s top nine cities, housing sales are expected to decline by 4% in Q3 2025, totaling just above 1 lakh units at 1,00,370 units. New launches, however, are projected to remain flat at 92,229 units, slightly below the 1 lakh mark and reflecting a 10% drop QoQ.
Why Some Cities Outperform Others
The strong performance of Bengaluru, Delhi NCR, Hyderabad, Chennai, and Kolkata can be attributed to multiple factors:
- Economic Growth: These cities benefit from thriving IT, industrial, and service sectors, attracting working professionals and investors.
- Infrastructure Development: Improved connectivity, metro expansions, and upcoming expressways are making these cities more accessible.
- Lifestyle Amenities: Developers in these regions focus on modern amenities, green spaces, and smart home features, appealing to urban buyers.
- Investment Potential: With steady property appreciation, these markets offer better returns on real estate investments compared to slower regions.
The Road Ahead: Opportunities for Buyers and Developers
As the market heads into the festive season, the momentum in Bengaluru, Delhi NCR, Hyderabad, Chennai, and Kolkata is likely to strengthen further. Buyers can expect a wider range of offerings and competitive pricing, while developers have the opportunity to launch strategically planned projects to meet growing demand.
However, markets like Mumbai, Pune, and Thane require careful navigation. Developers in these regions must focus on affordable housing, location advantages, and timely delivery to regain buyer confidence.
Expert Insight: Sanjeev Singh, MD of SKJ Landbase
Sanjeev Singh, MD of SKJ Landbase, said, “The strong sales momentum in cities like Bengaluru and Delhi NCR shows that demand continues to outpace new launches. Buyers are looking for well-planned homes with modern amenities, and developers who focus on quality and strategic locations are seeing positive traction.”
Sanjeev Singh summed it up succinctly: “The key to success in real estate today lies in understanding market demand, providing quality homes, and offering value-driven propositions. Cities that balance these factors will continue to witness strong growth in housing sales.”
Conclusion
The July–September 2025 quarter highlights a clear divide in India’s real estate landscape. Southern and eastern cities show promising growth, while parts of Maharashtra face a slowdown. This scenario underscores the importance of location, infrastructure, and buyer preferences in driving housing demand.
With urbanization, economic activity, and lifestyle trends shaping the market, India’s housing sector is evolving rapidly. Stakeholders—from developers to investors—must remain agile and data-driven to maximize opportunities in this dynamic environment.
