Mumbai & Pune Real Estate Sales See Temporary Dip Amid Price Surge
Housing sales in Mumbai and Pune reported a 17% decline during July-September 2025 due to price increases, according to PropEquity. Despite this, market experts predict a rebound in the festive season and attribute the slowdown to temporary recalibrations, supported by strong infrastructure and demand factors.
- Country:
- India
Housing sales in the Mumbai region and Pune experienced a 17% decline in the July-September period, dropping to 49,542 units, according to recent data from PropEquity. This dip, attributed to increased residential property prices, contrasts with sales figures of 59,816 units recorded in the same period last year.
The report highlights significant declines in various parts of the Mumbai Metropolitan Region, with Thane seeing a 28% decrease in sales, Mumbai city experiencing an 8% drop, and Navi Mumbai reporting a 6% fall. Pune, a critical market in Maharashtra, also saw sales fall by 16% during this period compared to the previous year.
CREDAI-MCHI's Sukhraj Nahar and Rushi Mehta emphasized that this slowdown is part of a market recalibration and not a cause for alarm. With infrastructure improvements and stable interest rates, confidence remains high. The festive season and policy initiatives are expected to revitalize demand and boost sales in the coming months.
(With inputs from agencies.)
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