Housing cell fall
During the Mumbai Metropolitan Region and Pune during July-September 2025, the sales of homes were reduced by 17% to 49,542 units. According to the report of Propkets, 59,816 houses were sold during this period last year. The real estate data company says that sales have fallen due to a sharp increase in prices of homes and decrease in demand.
MMR's Thane saw the highest decline of 28%, where the sales fell from 20,620 to 14,877 units. Sales in Mumbai city were reduced by 8% to 9,691 units and Navi Mumbai reduced by 6% to 7,212 units. Pune also decreased by 16%, where the sales decreased from 21,066 to 17,762 units.
Real estate organization CREDAI-MCHI says that there is no need to worry about this decline. His president Sukhraj Nahar told PTI that there was a little re-bail in the market in the September quarter. Demand of homes in MMR and Pune is still very strong. Infrastructure projects like Metro Corridor, Coastal Road and Navi Mumbai International Airport will support the market for a long time. He says that sales in many places are still more than new projects, which show healthy adjustments. Demand is expected to increase in the festive season.
According to the Propkets report, the sale of houses in the top 9 cities of the country in the July-September quarter was 4% on an annual basis and 1% on a quarter basis to 1,00,370 units. The rise in prices and decrease in demand have affected the real estate market of the entire country. But due to the infrastructure development and festive season, recovery is expected in the real estate sector. Demand will remain strong in big markets like MMR and Pune, as these areas are moving fast in terms of connectivity and development.
