Over 4 Lakh Homes Delivered in Top 9 Cities in FY25: Propequity

New Delhi, April 30, 2025: The number of homes delivered in India’s top 9 cities have risen by 33 per cent to 4,06,889 units in FY25 with only Delhi-NCR witnessing a year-on-year (YoY) decline, according to a report by NSE-listed data analytics firm PropEquity. With this, the total homes delivered in the last three financial years stood at over 10 lakh units.

The top 9 cities are Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR, Mumbai, Thane, Navi Mumbai and Pune. Delhi-NCR bucked the trend with 8 per cent decline in the number of homes delivered in FY25.

The other 8 cities witnessed 22-88 per cent growth in number of homes delivered with Kolkata (88 per cent) rising the most and Mumbai (22 per cent) rising the least in FY25.

Samir Jasuja, Founder and CEO, PropEquity said: “More than 1 lakh homes have been delivered in FY25. The cause of this surge is due to the delivery of homes launched in 2018/19, the construction of which experienced some slowdown due to the pandemic and other factors. The deliveries have also been expedited due to government’s SWAMIH (Special Window for Affordable and Mid-Income Housing) Fund. The strict compliance and implementation under RERA have also played a major role in developers adhering to project delivery timelines.”

“The positive market sentiments over the past couple of years have ensured strong cash-flows and faster project executions. As reputed and branded developers increase their market share, this trend in delivery of homes is expected to continue. SWAMIH 2.0 will also play a significant role in expediting delivery of stalled projects.”

According to the report, Western India (Mumbai, Navi Mumbai, Thane and Pune) accounted for 55 per cent of the total homes delivered in FY25, a rise from 53 per cent in FY24 while Southern India (Bengaluru, Chennai and Hyderabad) accounted for 30 per cent share, a rise from 28 per cent in FY24. Kolkata accounted for 4 per cent share in FY25, a rise from 3 per cent in FY24.

Delhi-NCR accounted for 11 per cent share in FY25, a decline from 16 per cent in FY24. The most number of homes were delivered in Pune at 81563 units (41 per cent Y-o-Y growth), followed by 77017 units in Thane (39 per cent Y-o-Y growth), 57304 units in Hyderabad (61 per cent Y-o-Y growth), 46103 units in Bengaluru (26 per cent Y-o-Y growth), 44423 units in Delhi-NCR (8 per cent Y-o-Y decline), 41999 units in Mumbai (22 per cent Y-o-Y growth), 21112 units in Navi Mumbai (37 per cent Y-o-Y growth), 19650 units in Chennai (49 per cent Y-o-Y growth) and 17718 units in Kolkata (88 per cent Y-o-Y growth).