Over 4 lakh homes delivered in FY25, 33% Y-o-Y increase
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The number of homes delivered in India 's top 9 cities have risen by 33% 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% 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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