Overview

• Sales totaled 100,370 units in July–September 2025, down from 105,081 a year earlier, marking the tenth consecutive quarterly decline.
• New launches stood at 92,229 units, flat year-on-year but down 10% from the previous quarter in a seasonally soft period.
• Maharashtra markets led the annual weakness: Thane fell 28%, Pune 16%, Mumbai 8% and Navi Mumbai 6%, according to PropEquity.
• Bengaluru rose 21%, Kolkata 25%, Chennai 16%, Delhi-NCR 4% and Hyderabad 4% year-on-year, highlighting sharp regional divergence.
• Quarter-on-quarter sales dipped 1% overall, with only Delhi-NCR (-24%) and Thane (-11%) declining, and PropEquity expects 2025 totals roughly in line with 2024 at about 4 lakh launches and 4.5 lakh sales.