Overview
- Total sales reached 100,370 units in July–September 2025, marking a tenth consecutive year-on-year decline across the tracked markets.
- New launches were 92,229 units, largely flat year-on-year but down about 10% from the previous quarter, keeping supply below absorption.
- Maharashtra markets drove the annual drop, with Thane down 28%, Pune 16%, Mumbai 8% and Navi Mumbai 6%.
- Several cities posted gains: Bengaluru rose 21% to 16,840 units, Chennai climbed 16%, Kolkata advanced 25%, and both Delhi-NCR and Hyderabad increased 4%.
- PropEquity and industry voices point to a likely festive-quarter rebound, with full‑year 2025 volumes seen near 2024 levels and a recent GST cut on cement expected to ease input costs.