Business
Housing Sales In Top 9 Indian Cities Slip 4% In Q3 2025, Launches Flat: Report
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New launches remain largely flat at 92,229 units, marginally below the one-lakh mark and down 10% on a sequential basis, according to real estate data analytics firm PropEquity.
Despite subdued launches, PropEquity expects housing demand to pick up in the festive quarter, driving stronger absorption and improved launch momentum.
Housing sales across India’s top nine cities declined by 4% year-on-year in the July–September quarter of 2025, settling just above the one-lakh mark at 1,00,370 units, according to a report by real estate data analytics firm PropEquity. This marked the 10th consecutive quarter of decline.
New launches remained largely flat at 92,229 units, marginally below the one-lakh mark and down 10% on a sequential basis.
The nine cities tracked in the report are Bengaluru, Chennai, Hyderabad, Mumbai, Navi Mumbai, Pune, Thane, Kolkata, and Delhi-NCR.
Maharashtra region weighs on sales
The annual drop in sales was largely led by Maharashtra markets — Mumbai, Navi Mumbai, Thane, and Pune — which recorded contractions ranging from 6% to 28%. Pune remained the largest market with 17,762 units sold but posted a 16% fall. Thane saw the sharpest fall at 28%.
Bengaluru, however, emerged as a bright spot, recording 16,840 units sold — a 21% jump YoY — making it the second-largest market. Chennai and Kolkata also saw strong growth of 16% and 25% respectively, while Delhi-NCR and Hyderabad reported modest 4% gains.
On a sequential basis, sales fell by 1%. Delhi-NCR witnessed the steepest quarterly fall of 24%, followed by Thane at 11%, while the other seven cities registered growth.
Samir Jasuja, founder and CEO of PropEquity, said, “The reason why we feel that the housing market remains healthy even though the new launches are coming down consecutively is because the sales continue to be higher than the new launches. We anticipate that 2025 will mirror 2024 with approximately 4 lakh unit launches and approximately 4.5 lakh sales, which is marginally lower than the 2024 numbers.”
| City | Q3 2024 | Q2 2025 | Q3 2025 | Q-o-Q | Y-o-Y |
|---|---|---|---|---|---|
| Bengaluru | 13,966 | 15,743 | 16,840 | 7% | 21% |
| Chennai | 4,675 | 5,292 | 5,406 | 2% | 16% |
| Hyderabad | 12,311 | 12,017 | 12,860 | 7% | 4% |
| Kolkata | 3,774 | 3,828 | 4,732 | 24% | 25% |
| Mumbai | 10,480 | 8,244 | 9,691 | 18% | -8% |
| Navi Mumbai | 7,650 | 7,114 | 7,212 | 1% | -6% |
| Pune | 21,066 | 17,808 | 17,762 | 0% | -16% |
| Thane | 20,620 | 16,644 | 14,877 | -11% | -28% |
| Delhi-NCR | 10,539 | 14,481 | 10,990 | -24% | 4% |
| Total | 1,05,081 | 1,01,171 | 1,00,370 | -1% | -4% |
New supply trends
On the supply side, new launches remained flat year-on-year but fell 10% sequentially. Bengaluru accounted for nearly one-fifth of new supply despite a 10% YoY decline. Chennai, Navi Mumbai, Pune, and Kolkata reported a rise in launches, while Bengaluru, Hyderabad, Mumbai, Thane, and Delhi-NCR recorded contractions.
Delhi-NCR saw the sharpest quarter-on-quarter fall at 31%, followed by Chennai (29%) and Pune (15%). Hyderabad, Kolkata, and Navi Mumbai bucked the trend with sequential growth.
Outlook
Despite subdued launches, PropEquity expects housing demand to pick up in the festive quarter, driving stronger absorption and improved launch momentum.
Vijay Harsh Jha, founder and CEO of property brokerage firm VS Realtors, said, “NCR continues to show strong sales momentum. Launches have come down significantly owing to the monsoon season as developers wait to launch projects during the festive quarter in anticipation of demand. The GST cut may drive sentiment-induced demand.”
Ramji Subramaniam, managing director of Sowparnika Projects, said, “The surge in Bengaluru’s housing sales reflects the deep confidence buyers have in the city’s real estate potential. Unlike other markets that have seen a dip, Bengaluru continues to stand out, especially as a global city, thanks to its salubrious climate, a cosmopolitan culture that welcomes people from across India and abroad, and strong demand from families seeking a better standard of living, quality education, and access to a leading higher education hub.”
Added to this are the city’s thriving IT and startup ecosystem, infrastructure development such as the Metro, demand for quality homes among young professionals and millennials with significant disposable incomes, and its reputation for offering one of the best work-life balances across all sections. For us as developers, this reaffirms the importance of continuous innovation, uncompromising quality, and delivering homes that meet the aspirations of today’s buyers, he added.
Vishesh Rawat, vice-president & head (marketing, sales & CRM) of M2K Group, said, “The fact that Delhi-NCR recorded a 4% uptick in sales signals that the demand in the NCR is still strong. Going into the festive quarter, we are experiencing positive buyer sentiment and pent-up demand to translate into improved absorption. Alongside, GST rationalisation will play its part in reducing cost pressures on developers, further boosting homebuyer confidence. We look forward to capturing this upswing, confident that the festive tailwinds will amplify the region’s growth momentum.”

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
September 22, 2025, 17:11 IST
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Business
Bonus, Dividend & Split: Power Grid, Godfrey, Garden Reach Among 40 Shares In Focus This Week
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Over 40 companies, including Bayer CropScience, Nuvama Wealth Management, and Power Grid Corporation, will see dividends, bonus issues, or stock splits.
Power Grid Corporation, Astral Ltd, Garden Reach Shipbuilders among 40 shares to trade ex-date this week.
Bonus, Dividend & Stock Split: Shares of several listed companies will remain in focus among investors this week for various corporate actions, including dividend, bonus and stock split. Between November 10 and November 15, 2025, more than 40 firms will trade ex-dividend and ex-date for bonus or stock split.
Among the big names, Bayer CropScience will distribute an interim dividend of Rs 90 per share, the highest in this round. Nuvama Wealth Management follows with Rs 70 per share, while Ajanta Pharma, Godfrey Phillips India, and Great Eastern Shipping will reward shareholders with Rs 28, Rs 17, and Rs 7.2 per share respectively.
Blue-chip firms like Power Grid Corporation, Astral Ltd, Garden Reach Shipbuilders, and Chambal Fertilisers have also declared interim dividends in the range of Rs 4.5–5.75 per share.
Other notable payers include Sasken Technologies (Rs 12), Garware Technical Fibres (Rs 8), Kaveri Seed Company (Rs 5), and D-Link India (Rs 6).
Infrastructure investment trusts (InvITs) such as PowerGrid InvIT, Indus Infra Trust, and Anzen India Energy Yield Plus Trust have also announced income distributions during the period.
Bonus And Stock Split Rush
Investors can also look forward to corporate actions like bonus issues and stock splits this week. Sampre Nutritions Ltd have announced a stock split from Rs 10 to Rs 5 face value and a 1:1 bonus issue. SMC Global Securities has also declared a 1:1 bonus issue, while Websol Energy System goes for a stock split from Rs 10 to Rs 1.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
November 09, 2025, 09:09 IST
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Business
Scottish Finance Secretary requests urgent meeting with Chancellor before Budget
Scotland’s Finance Secretary has requested an urgent meeting with the Chancellor amid reports she will raise taxes in her Budget this month.
Shona Robison set out what she said were three tests Rachel Reeves must meet when she delivers her tax and spending plans on November 26.
They include ditching her fiscal rules and delivering investment “to grow the economy and support people with the cost of living”, ensuring “every penny” raised from any tax rises is reinvested in public services with consequential funding to Scotland and a promise the Budget will not amount to austerity and cuts for Holyrood.
It comes after a pre-Budget speech from the Chancellor in which she failed to rule out tax rises, warning she will have to make “necessary choices” after the “world has thrown more challenges our way”.
Reports later suggested the Chancellor could raise income tax. The Fraser of Allander Institute has estimated a 2p hike could cut Scotland’s budget by £1 billion.
The Finance Secretary said: “The Chancellor’s unexpected Downing Street speech has fuelled speculation and piled uncertainty on uncertainty about Labour tax hikes in the upcoming UK Budget, with a potential price tag of £1 billion for Scotland.
“Let me be clear: Scotland should not be left paying the price for Labour’s broken promises.”
Ms Robison said last year’s Budget was a “disaster” for the Chancellor, “taxing jobs, (the) vulnerable and doing nothing on child poverty”.
She said she had requested an urgent meeting with her, where she would set out her three tests.
She said: “This year, I am setting three tests the UK Budget must meet – and the first is that the Chancellor must ditch her outdated, restrictive fiscal rules. The era in which these rules were set is over and Rachel Reeves must face up to the new reality.
“And crucially, every single penny raised from any Labour tax rises must be invested into public services with consequential funding for Scotland.
“Rachel Reeves must also confirm that Scotland will not see our funding cut as a result of Labour decisions.
“They came to office promising an end to austerity, so to impose it on Scotland would be a political betrayal from which Labour would never recover.
“I have requested an urgent meeting with the Chancellor and will be clear to her that her Budget must meet these three key tests.
“But the chaos and confusion coming out of the UK Government this week is just confirmation that Scotland shouldn’t be leaving crucial decisions about our finances in the hands of incompetent Westminster governments – these decisions should be in Scotland’s hands, with the fresh start of independence.”
An HM Treasury spokesperson said: “Our record funding settlement for Scotland will mean over 20% more funding per head than the rest of the UK.
“We have also confirmed £8.3 billion in funding for GB Energy-Nuclear and GB Energy in Aberdeen, up to £750 million for a new supercomputer at Edinburgh University, and are investing £452 million over four years for City and Growth Deals across Scotland.
“This investment is all possible because our fiscal rules are non-negotiable, they are the basis of the stability which underpins growth.”
Business
Chambers join hands to prop up economy | The Express Tribune
KARACHI:
The Karachi Chamber of Commerce & Industry (KCCI) and the Lahore Chamber of Commerce & Industry (LCCI) have agreed to strengthen cooperation for Pakistan’s economic revival.
During a meeting held at KCCI on Saturday, KCCI President Rehan Hanif and LCCI President Faheemur Rehman Saigol said that Pakistan had great potential despite facing serious challenges, but cautioned that poor policies and neglect of the private sector could make the economic situation worse.
Saigol stressed that Pakistan’s economy continued to survive only because of its immense potential as the country was blessed with abundant natural and human resources not found elsewhere in the region. However, he lamented that “the real problem lies in mismanagement of these resources”.
“With a population of 240 million, Pakistan has a huge consumer market. However, instead of promoting local industries and encouraging import substitution, our policies have increased the country’s trade deficit,” he said.
The LCCI chief explained that the main purpose of his visit to KCCI was to ensure that business communities of Karachi and Lahore were on the same page. “Our strength lies in securing a rightful share in policymaking. Legislation must be framed in consultation with the business community, which is the actual stakeholder and understands how tax collection targets can be effectively achieved,” he said.
He invited KCCI office-bearers to visit LCCI, stating that such an exchange would help establish a historic and much-needed liaison between the two leading chambers. “Only through a unified voice, we can expect to get our issues resolved,” he affirmed.
Businessmen Group Vice Chairman Anjum Nisar emphasised that a unified stance would compel the government to address legitimate concerns.
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