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Home Sales Adjust After Busy Years in Major Urban Areas

Updated: June 23, 2025 22:34

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For the first time since late 2021, housing sales in India’s nine biggest cities have dropped below the 1 lakh mark. The April-June 2025 quarter saw just under 95,000 homes sold, which is a noticeable slowdown after a couple of years of strong numbers.
 
Key Highlights:
  • Sales in the top nine cities fell to 94,864 units this quarter, down 19% from the same period last year.
  • New housing supply also took a hit, falling 30% compared to last year, with only 82,027 new units launched.
  • Most cities saw a dip, but Mumbai and Thane had the sharpest declines, both down by 34%. Pune and Navi Mumbai also saw fewer sales.
On the flip side, Delhi-NCR and Chennai bucked the trend, with sales actually rising by 16% and 9%, respectively. These cities, along with Hyderabad, also saw more new homes coming onto the market.
 
Developers seem to be holding back on new launches, likely because they’re dealing with unsold inventory and seeing demand settle down after a busy couple of years.
Compared to the previous quarter, sales dropped by 10%, though there was a slight 2% increase in new supply.
 
Experts believe the market is finding its balance again after a post-pandemic boom, especially in places like Mumbai, Bengaluru, and Navi Mumbai.
It looks like the real estate market is cooling off a bit, with both buyers and developers taking a more cautious approach.
 
Source: News18, BusinessWorld, CNBC TV18, The Tribune, New Indian Express, Financial Express, Economic Times

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