Mumbai | December 25, 2025:
According to a report by a real estate data analytics firm, property sales over India’s top nine cities declined sharply in the fourth quarter of 2025, falling 16% year-on-year to 98,019 units. This indicates the lowest quarterly sales volume recorded since Q3 2021, reflecting a broad-based slowdown in residential demand.
The downfall was visible across most major markets. Only Navi Mumbai and Delhi-NCR opposed the trend, posting year-on-year sales growth of 13% and 4%, respectively, of the nine cities tracked. The remaining seven cities registered sales declines ranging from single digits to as sharp as 31%, highlighting falling consumer perception in key urban centers.
The report also highlighted a shift in the nature of housing supply and value over the past year. In 2023, developers launched approximately 4.81 lakh housing units with a combined value of ₹6.3 lakh crore. In 2024, new launches dropped to about 4.11 lakh units, nearly 70,000 fewer houses, but the total value rising to ₹6.8 lakh crore, indicating a slope toward higher-priced housing.
On the supply side, new housing launches fell 10% year-on-year to 88,427 units in Q4 2025. Delhi-NCR led with a 29% increase in supply, followed by Navi Mumbai at 15% and Chennai at 9%. The remaining six cities reported a decline in supply of up to 30%. Compared to the previous quarter, overall housing supply declined 4%, pointing to increasing caution among developers amid slowing sales.
Industry analysts note that the bifurcation between falling volumes and rising values suggests a market increasingly driven by premium and mid-to-premium, even as overall transaction activity softens.
Posted By
Ruchi Mane
info@houssed.com
Ruchi Mane is the Senior Editor at Houssed, leading the platform’s real estate news coverage. She tracks trends in India’s luxury property market while overseeing editorial strategy, PR outreach, and social media communication.