India’s top 9 cities witnessed a 33% rise in housing units delivered in FY25, as per PropEquity. Explore key insights, city-wise performance, and implications for the real estate sector.
India’s real estate sector has received a substantial boost in FY25, with a notable 33% increase in housing unit deliveries across the top 9 cities, according to a recent report by PropEquity. This surge reflects robust demand, improved project execution, and developers’ focus on timely handovers.
Key Findings of the PropEquity Report
The report highlights that a total of 5,76,474 housing units were delivered in FY25 across major Indian cities, compared to 4,33,598 units in FY24. This remarkable growth signifies the sector’s recovery from pandemic-induced delays and the enhanced focus on project completion.
City-Wise Performance Snapshot
- Mumbai Metropolitan Region (MMR): Led the chart with 1,44,047 units delivered, a 35% rise over FY24’s 1,06,175.
- Pune: Followed closely with 95,209 units, registering an impressive 59% increase from 59,746 units last year.
- Bengaluru: Recorded 81,303 completions, up from 65,294, marking a 25% rise.
- Hyderabad: Posted 70,783 units, an 18% increase from FY24’s 60,098.
- National Capital Region (NCR): Delivered 57,070 units, reflecting steady demand and improved execution.
- Kolkata: Saw 24% growth with 41,370 units delivered vs. 33,254 in FY24.
- Chennai, Ahmedabad & Lucknow: Also contributed significantly with 29,006, 29,282, and 28,404 units respectively.
Driving Factors Behind the Surge
Several reasons contributed to this growth:
- Regulatory Reforms: RERA and other regulatory mechanisms have boosted transparency and project discipline.
- Improved Funding Access: Developers with strong credentials are now accessing institutional funding with greater ease.
- Buyer Confidence: Timely project delivery has reignited end-user and investor confidence.
Expert Insights
“The significant rise in unit deliveries is a result of improved financial and execution capabilities of developers, coupled with favorable market sentiment,” said Samir Jasuja, Founder & MD of PropEquity.
“The rising pace of urbanization, coupled with growing affordability and income levels, will continue to fuel demand in key cities,” added a senior market analyst.
Future Outlook
The Indian real estate sector is expected to continue this momentum with developers prioritizing project completion to stay compliant and competitive. As urbanization intensifies, delivery numbers are projected to climb further in FY26.
Conclusion
FY25 has marked a turning point for India’s residential real estate market. With 33% more homes delivered in top cities, the sector demonstrates resilience and renewed energy. This momentum, if sustained, will pave the way for a stronger and more transparent real estate landscape.
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