New Delhi, Delhi, 23rd of September 2025 : Housing sales in the Mumbai Metropolitan Region (MMR) and Pune together saw 17% YoY decline to 49,542 units translating to 10274 lesser units sold in Q3 2025, according to NSE-listed real estate data analytics firm PropEquity.
MMR comprises Mumbai, Navi Mumbai and Thane.
With this, the sales share of Maharashtra region, comprising MMR and Pune, saw a decline to 49% in Q3 2025 from 57% in the same period last year.
Thane saw the steepest decline of 28%, followed by Pune (16%), Mumbai (8%) and Navi Mumbai (6%).
On QoQ basis, housing sales fell 1% with Mumbai and Navi Mumbai registering 18% and 1% rise respectively. Navi Mumbai remained flat while Thane saw 11% decline.
| Housing Sales (units) | |||||||
| Q3 2024 | Q2 2025 | Q3 2025 | Q-o-Q | Y-o-Y | |||
| Mumbai | 10480 | 8244 | 9691 | 18% | -8% | ||
| Navi Mumbai | 7650 | 7114 | 7212 | 1% | -6% | ||
| Pune | 21066 | 17808 | 17762 | 0% | -16% | ||
| Thane | 20620 | 16644 | 14877 | -11% | -28% | ||
| Total Maharashtra Region | 59816 | 49810 | 49542 | -1% | -17% | ||
| Total Top 9 cities | 105081 | 101171 | 100370 | -1% | -4% | ||
Housing sales in India’s top 9 cities fell 4% YoY and 1% QoQ to 100370 units in Q3 2025. The top 9 cities are Bengaluru, Hyderabad, Chennai, Mumbai, Navi Mumbai, Thane, Pune, Kolkata and Delhi-NCR.
Samir Jasuja, Founder and CEO, PropEquity said, “The reason why we feel that the housing market remains healthy even though the new launches are coming down consecutively is because the sales continue to be higher than the new launches. We anticipate that 2025 will mirror 2024 with approximately 4 lakh unit launches and approximately 4.5 lakh sales, which is marginally lower than the 2024 numbers.”
New launches in MMR and Pune cumulatively fell by 5% to 37,196 units in Q3 2025. While Mumbai (40%) and Thane (28%) saw a decline in new launches, Pune (49%) and Navi Mumbai (12%) saw a rise in Q3 2025 as compared to same period last year.
New launches in top 9 cities remained flat YoY while falling 10% QoQ in Q3 2025.
| New Supply (Units) | |||||
| Q3 2024 | Q2 2025 | Q3 2025 | Q-o-Q | Y-o-Y | |
| Mumbai | 9774 | 6064 | 5820 | -4% | -40% |
| Navi Mumbai | 5396 | 5723 | 6056 | 6% | 12% |
| Pune | 10615 | 18628 | 15799 | -15% | 49% |
| Thane | 13228 | 10175 | 9521 | -6% | -28% |
| Total Maharashtra Region | 39013 | 40590 | 37196 | -8% | -5% |
| Total Top 9 cities | 92029 | 101968 | 92229 | -10% | 0% |
In H1 2025, close to 1,07,890 units were sold and nearly 85,000 units were launched in Mumbai, Navi Mumbai, Thane and Pune.
About PropEquity: P.E. Analytics ltd., a NSE-listed company, owns and operates PropEquity which is India’s largest online real estate data and analytics platform covering over 1,70,000+ projects of 57,000+ developers across over 44 cities in India with more than 17 years of catalogued data. We add approximately 700 projects every month. It is a premium Business Intelligence product- a first of its kind in India in the Realty space.
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