Residential home unit deliveries across nine major Indian cities rose by 33 per cent in the 2024-25 financial year, reaching 4,06,889 units, according to data from PropEquity.
This marks a significant increase from 3,06,600 units delivered in 2023-24. The figures cover apartments, row houses, and villas that have received occupancy certificates.
Despite the overall growth, Delhi-NCR bucked the trend, witnessing an 8 per cent decline in unit deliveries, with 44,423 homes handed over during the year.
Pune led the pack with 81,563 units delivered, reflecting a robust 41 per cent year-on-year growth. It was followed by Thane (77,017 units), Hyderabad (57,304 units), Bengaluru (46,103 units), and Delhi-NCR (44,423 units). Mumbai recorded 41,999 units, Navi Mumbai 21,112, Chennai 19,650, and Kolkata 17,718 units.
PropEquity Founder and CEO Samir Jasuja credited the improvement in delivery timelines to the Real Estate (Regulation and Development) Act (RERA). “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 the delivery of homes is expected to continue,” he said.
Angad Bedi, CMD of BCD Group, said the surge in deliveries underlines developers’ commitment to timely execution and construction quality. Stonecraft Group Founder Kirthi Chilukuri added that the delivery of over 4 lakh homes across key metros reflects strength and confidence in the real estate sector.
Commenting on Delhi-NCR’s numbers, VS Realtors Founder Vijay Harsh Jha noted, “Despite a slight decline in FY25, the region still saw a substantial number of homes being delivered.”