Number of homes delivered in India's top 9 cities rises to over 4 lakh in FY25
Over the past three fiscal years, the total number of residential units completed and handed over exceeded 1 million homes. (AI image)
Housing deliveries in India's top 9 cities increased by 33% to 4,06,889 units in FY25, with Delhi-NCR being the only region showing a year-on-year decrease, as reported by NSE-listed data analytics organisation
PropEquity
.
The aggregate housing deliveries across the previous three financial years exceeded 10 lakh units.
The analysed cities include Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR, Mumbai, Thane, Navi Mumbai and Pune. Delhi-NCR showed an 8% reduction in housing deliveries during FY25.
The remaining 8 cities demonstrated growth ranging from 22% to 88% in housing deliveries, with Kolkata showing the highest increase at 88% whilst Mumbai recorded the lowest growth at 22% 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.
The report indicates that Western India (Mumbai, Navi Mumbai, Thane and Pune) contributed 55% of total housing deliveries in FY25, increasing from 53% in FY24. Southern India (Bengaluru, Chennai and Hyderabad) represented 30%, up from 28% in FY24. Kolkata's contribution rose to 4% in FY25 from 3% in FY24.
Delhi-NCR's share decreased to 11% in FY25 from 16% in FY24.
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