Housing sales in India’s top 9 cities fell by 23 per cent to 1.06 lakh units during January-March 2025, while supply declined by a whopping 34 per cent, according to the latest report by real estate data analytics firm PropEquity released on Sunday.
According to the data, housing sales in Q1 2025 stood at 1,05,791 units as compared to 1,36,702 units in the same period last year.
“Except Bengaluru and Delhi-NCR, all other 7 cities witnessed a decline in sales,” PropEquity said.
Housing supply also feel to 80,774 units in Q1 2025, compared with 1,22,365 units in the same period last year, marking three consecutive quarters of under-1 lakh units launched, it added.
“Except Bengaluru, all other 8 cities saw a decline in new supply in the first quarter,” PropEquity said.
Samir Jasuja, founder & CEO, PropEquity said, “The housing market is witnessing some correction after three years (2021, 2022, 2023) of record supply because of which absorption/sales is also on a declining trend. Rise in home prices and caution on the part of investors due to geo-political developments and certain weaknesses in the Indian economy have resulted in drop in sales.”
