Housing units delivered in top nine Indian cities up 33% in FY25: PropEquity

India’s top nine cities witnessed a significant 33% YoY increase in housing deliveries, rising from 3,06,600 units in FY24 to 4,06,889 units in FY25, according to a data analytics firm PropEquity report. Eight of these cities saw an increase in deliveries, with Kolkata leading the charge, experiencing an 88% rise in housing deliveries, from 9,441 units in FY24 to 17,718 units in FY25. Hyderabad and Chennai followed, with 61% and 49% increases, respectively. However, Delhi-National Capital Region (NCR) was the only city to report a decline, with a decrease of 8% from 48,388 units in FY24 to 44,423 units in FY25. 

The surge in housing deliveries can be attributed to government initiatives such as the Special Window for Affordable and Mid-Income Housing (SWAMIH) Fund and the Real Estate Regulation Act (RERA), which have expedited project completions and ensured strict adherence to delivery timelines. Many of the homes delivered in FY25 were launched in 2018-19, with construction delays due to the pandemic and other factors. The western housing market, covering Mumbai, Navi Mumbai, Thane, and Pune, accounted for 55% of national unit deliveries. In contrast, the southern market, including Bengaluru, Hyderabad, and Chennai, contributed 30%. Looking forward, market sentiment remains positive, and with continued support from initiatives like SWAMIH 2.0, the trend of increasing housing deliveries is expected to persist.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.