logo
Over 4 lakh homes delivered in top nine cities in FY25; Delhi-NCR market sees a decline: PropEquity

Over 4 lakh homes delivered in top nine cities in FY25; Delhi-NCR market sees a decline: PropEquity

Hindustan Times30-04-2025
The number of homes delivered across India's top nine cities surged 33% year-on-year to reach 4,06,889 units in FY25, according to a report by NSE-listed data analytics firm PropEquity. The growth is attributed to government initiatives promoting affordable housing, SWAMIH Fund and increased pressure on developers to adhere to project deadlines.
Delhi-NCR was the only region to witness a decline, with home deliveries falling 8% from the previous year. In contrast, the remaining eight cities recorded growth ranging from 22% to 88%, with Kolkata leading the trend at 88%, while Mumbai saw the most modest rise at 22%.
As many as 406,889 homes were delivered in FY25 and 306,600 the year before, according to data analytics firm PropEquity. Kolkata clocked an 88% year-on-year (Y-o-Y) increase in unit deliveries: 9,441 in FY24 and 17,718 in FY25. Hyderabad and Chennai followed with increases of 61% and 49%, respectively, the report noted.
Delhi-National Capital Region (NCR) reported an 8% decline: 44,423 units in FY25 compared to 48,388 units the year before.
With this, the total homes delivered in the last three financial years stood at over 10 lakh units, it noted.
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.
The top 9 cities are Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR, Mumbai, Thane, Navi Mumbai and Pune.
'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. The strict compliance and implementation under RERA have also played a major role in developers adhering to project delivery timelines,' said Samir Jasuja, founder and CEO, PropEquity.
'The positive market sentiments over the past couple of years have ensured strong cash-flows and faster project executions. As reputed and branded developers increase their market share, this trend in delivery of homes is expected to continue. SWAMIH 2.0 will also play a significant role in expediting delivery of stalled projects,' he said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

SpiceJet To Induct Five More Boeing 737s Ahead Of Winter 2025; Shares Up 2.8%
SpiceJet To Induct Five More Boeing 737s Ahead Of Winter 2025; Shares Up 2.8%

News18

time40 minutes ago

  • News18

SpiceJet To Induct Five More Boeing 737s Ahead Of Winter 2025; Shares Up 2.8%

Last Updated: SpiceJet says it is also in advanced talks to lease more planes ahead of the winter 2025 schedule to meet growing passenger demand. Gurugram-based low-cost carrier SpiceJet is expanding its fleet with the induction of 10 Boeing 737 aircraft ahead of the busy winter travel season. The airline on Wednesday said it has signed a lease agreement for five additional Boeing 737s, which will join its fleet starting early October 2025, with some arriving a couple of weeks earlier. The new planes will be inducted under damp lease arrangements and are expected to remain with the airline until May 2026, catering to both the peak winter season and the early summer travel demand, according to a statement. This latest deal comes on top of SpiceJet's announcement last month to induct another five Boeing 737s on damp lease from another operator, taking the total number of new aircraft additions to 10. The carrier said it is also in advanced talks to lease more planes ahead of the winter 2025 schedule to meet growing passenger demand. 'SpiceJet is fully geared to meet the surge in travel demand for the upcoming winter and early summer seasons. With the induction of these additional Boeing 737s, we are ensuring that our passengers have more choices, greater connectivity, and a reliable, on-time travel experience," said Debojo Maharshi, chief business officer of SpiceJet. The fleet expansion marks another step in the airline's bid to strengthen operations and improve connectivity across its domestic and international network during high-demand months. Following the news, shares of SpiceJet jumped 2.83% to trade at Rs 35.25 apiece on the NSE, as of 10:10 am. view comments First Published: August 13, 2025, 10:13 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Fractal Analytics files DRHP targeting Rs 4,900 crore IPO
Fractal Analytics files DRHP targeting Rs 4,900 crore IPO

Economic Times

timean hour ago

  • Economic Times

Fractal Analytics files DRHP targeting Rs 4,900 crore IPO

ETtech Fractal Analytics cofounder Srikanth Velamakanni Fractal Analytics has filed its draft red herring prospectus with the Securities and Exchanges Board of India (Sebi) on August 12 with the IPO target of Rs 4,900 crore. Of this, Rs 1279.3 crore will be fresh issue of shares and offer for sale will be Rs 3620.7 company aims to list in the NSE and BSE by December, according to sources aware of the development. After consumer and fintech startups that are eyeing an IPO in 2025, India will see the listing of the first AI company with Fractal Analytics amid the technological shift the country is witnessing. InMobi, which now has a huge AI focus, is planning its IPO as well and is in the process of redomiciling to India. Capillary Technologies had filed its IPO papers in June 2025. As of July 31, 4,960 Fractal employees were ESOP holders. With the company going for IPO, it is likely to mint over 100 millionaires as well. The company has registered Rs 2765.4 crore in revenue for FY25, up 25.9% from FY24 when the company registered Rs 2196.3 crore revenue. The company generated profit of Rs 220.6 crore in FY25, as opposed to loss of Rs 54.7 crore in FY24. Offloading shares Its existing shareholders, Apax (Quinag Bidco) and TPG will be selling shares worth Rs 1462 crore and Rs 1999 crore respectively. Two of its angel investors, Gulu Mirchandani's GLM Family Trust and Rao Remala will be selling a small portion of their shares, accounting for about Rs 129 crore and Rs 29 crore respectively, according to the DRHP. Founders Srikanth Velamakanni and Pranay Agarwal and their family, collectively hold 20% in the firm, and employees, 17% through the ESOP programme. The company is currently valued at $2.4 billion, after its recent $172 million fund raise through secondary sales last month. It became a unicorn in 2022, when it raised $360 million from TPG Capital Asia. The company has raised a total of $855 million. The company works with Fortune 500 firms to make better decisions using analytics. It recently partnered with OpenAI to help customers adopt AI by offering custom model solutions, and AI agents. The US is the largest customer base, accounting for about 65% of its revenue, and Europe at 16%. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Regulatory gray area makes investing in LVMH, BP tough For Indian retail How IDBI banker landed plush Delhi properties in Amtek's INR33k crore skimming As 50% US tariff looms, 6 key steps that can safeguard Indian economy Jane Street blow pushes Indian quants to ancient Greek idea to thrive Stock Radar: Astra Microwave showing signs of bottoming out after 16% fall from highs; time to buy? F&O Radar | Deploy Broken Wing in Paytm to play stock's bullish outlook These 9 banking stocks can give more than 28% returns in 1 year, according to analysts Why 2025 Could Be The Astrological Turning Point We've Been Waiting For

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store