Housing Sales Hit 17-Quarter Low in Q4 2025; Supply Dips 10%: Report

• India's top nine cities saw housing sales fall to a 17-quarter low in Q4 2025, with 98,019 units sold, a 16% YoY decline.
• New housing launches also dropped 10% year-on-year to 88,427 units in Q4 2025, indicating reduced supply.
• Most markets contracted, but Navi Mumbai and Delhi-NCR defied the trend with 13% and 4% sales growth respectively.
• PropEquity's Samir Jasuja notes a "structural shift" towards "premiumisation," where higher-priced homes drive value despite lower volumes.
• Despite fewer units, the total value of new supply rose from ₹6.3 lakh crore in 2023 to ₹6.8 lakh crore in 2024, reflecting this premium trend.

Why It Matters: Q4 2025 saw a significant housing market slowdown, driven by premiumisation despite lower sales volumes.