Overview

• PropEquity projects about 100,370 homes sold across the top nine cities in July–September 2025, a 4% year-on-year decline.
• The Mumbai Metropolitan Region and Pune are expected to fall at least 17% year on year to 49,542 units, with city declines of Mumbai -8%, Thane -28%, Navi Mumbai -6% and Pune -16%.
• Bengaluru is forecast to rise 21% to 16,840 units, while Delhi NCR, Hyderabad, Chennai and Kolkata are also projected to grow by roughly 4%–25%.
• New project launches are estimated at about 92,229 units, staying below 100,000 and roughly 10% lower than the previous quarter.
• PropEquity and industry voices anticipate a rebound next quarter tied to festive-season buying, which could lift both sales and launches.