Housing Sales Surge 4-25% in Five Major Metro Cities While Maharashtra Markets Face Decline: PropEquity Report

Real estate markets in India are experiencing a significant shift, with PropEquity data revealing that housing sales in Bengaluru, Delhi NCR, Hyderabad, Chennai, and Kolkata are projected to witness growth of 4% to 25% during the July-September 2025 quarter. These five metropolitan areas are expected to collectively achieve 50,828 home sales, marking an increase from 45,265 units recorded in the corresponding quarter last year.

New Housing Launches Show Modest Growth

The report indicates that new housing launches across these markets are likely to surpass 55,000 units, representing a slight increase from the previous year's figure of 53,016 units. This marginal uptick suggests sustained developer confidence in select markets despite broader market uncertainties.

South and East Markets Lead Growth While Maharashtra Faces Headwinds

The data reveals a clear regional divide in India's real estate performance. While southern and eastern markets demonstrate robust growth potential, cities in Maharashtra including Mumbai, Thane, Navi Mumbai, and Pune are anticipated to experience demand contractions ranging from 6% to 28%.

Metro-Wise Performance Analysis

Outstanding Performers in the Growth Trajectory

Among the high-performing markets, Bengaluru stands out with an expected 21% surge in sales, reaching 16,840 units compared to 13,966 units in the previous year. The city's robust IT sector and infrastructure development continue to drive demand for residential properties.

Kolkata emerges as the top performer with a projected 25% increase, climbing to approximately 4,732 units from 3,774 units last year. This growth reflects the city's improving infrastructure and increasing investor confidence in eastern markets.

Chennai is estimated to register a healthy 16% growth, reaching roughly 5,406 units. The city's industrial growth and connectivity improvements have contributed to this positive trajectory. For investors looking at southern markets, understanding luxury living options in Chennai can provide valuable insights.

Both Hyderabad and Delhi NCR are expected to post modest gains of around 4%, indicating steady demand despite market challenges.

National Real Estate Outlook Remains Cautious

Despite positive growth in select metros, the broader national picture presents a more cautious scenario. Across India's top nine cities, housing sales are projected to decline by 4% year-on-year, settling just above the 1 lakh unit mark. New launches are expected to remain relatively flat during this period.

Market Dynamics Driving the Regional Shift

Industry analysts attribute this geographic shift in demand to several key factors. The movement from western metros to faster-growing southern and eastern markets is being driven by affordable supply, significant infrastructure development, and concerns about saturation risks in already overheated regions.

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Investment Implications and Market Outlook

The current market dynamics suggest that investors and homebuyers should consider regional variations when making property decisions. While Mumbai's real estate market has shown resilience in previous quarters, the current projection indicates a temporary slowdown.

Those interested in property investment strategies should carefully evaluate the growth potential of southern and eastern markets against the established infrastructure of western metros.

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