Over 4 Lakh Homes Delivered In Top 9 Cities In FY25
Game-changing reforms like RERA and SWAMIH fund have accelerated the delivery of homes
Over 4 Lakh Homes Delivered In Top 9 Cities In FY25
Delhi-NCR, despite seeing some decline in FY25, saw an unprecedented number of homes being delivered. This signals the growing certainty and confidence in the real estate sector
Mumbai: 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 Y-o-Y 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.
Talking to Bizz Buzz, Bengaluru-based real estate developer Sanjeevini Group Chairman and Founder, Umesh Gowda HA says, “With over 80k homes being delivered in the last two financial years in Bengaluru shows the growing focus of city developers on construction and delivery.”
Game-changing reforms like RERA and SWAMIH fund have accelerated the delivery of homes amidst soaring demand from growing corporate presence and employment. Micro-markets in the periphery like Varthur and Gunjur are amongst the top priority markets for residential demand as developers focus on expediting construction, ensuring quicker delivery and enhancing brand equity. Vijay Harsh Jha, founder and CEO, VS Realtors says, “Delhi-NCR, despite seeing some decline in FY25, saw an unprecedented number of homes being delivered. This signals the growing certainty and confidence in the real estate sector which will help attract more capital from both domestic and global investors.”
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.
