Over 4 Lakh Homes Delivered Across India’s Top 9 Cities in FY25; Pune Tops Growth Charts, Delhi-NCR Sees Decline

Residential home unit deliveries across nine key Indian cities saw a 33% rise in the financial year 2024-25, reaching 4,06,889 units, as per data from PropEquity. This marks a notable jump from the 3,06,600 units delivered in 2023-24. The data includes apartments, row houses, and villas that have received occupancy certificates. However, Delhi-NCR stood out from the overall upward trend, recording an 8% drop in unit deliveries, with only 44,423 homes handed over during the period.

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

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

“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,” said Samir Jasuja, Founder and CEO, PropEquity.

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

Delhi-NCR accounted for 11% share in FY25, a decline from 16% in FY24.

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