Overview
- Sales across the top nine cities fell 16% year on year to 98,019 units, the weakest quarter since Q3 2021 and down 2% from Q3 2025.
- New launches dropped 10% year on year to 88,427 units, with supply also 4% lower quarter on quarter.
- Only Navi Mumbai and Delhi-NCR posted sales growth in Q4 2025, up 13% and 4% respectively, while Pune fell about 31% and several other cities declined.
- Despite fewer units, the aggregate value of new supply has risen, reflecting premiumisation as 2024 saw about 4.11 lakh launches worth ₹6.8 lakh crore versus 4.81 lakh units worth ₹6.3 lakh crore in 2023.
- PropEquity cites developers’ 2025 fundraising, better transmission of 125 basis points of repo cuts and continued government support as potential catalysts for higher launches and stronger demand in 2026.