Home Deliveries Surge in Top 9 Indian Cities, Delhi-NCR Sees Dip

A Year of Record Home Deliveries Across Urban India

In a remarkable display of resilience and growth, India’s real estate sector delivered over 4 lakh homes across the top 9 cities in FY25, marking a 33% year-on-year jump. This surge, highlighted in a recent PropEquity report, reflects the robust demand and execution capabilities of developers nationwide. However, the Delhi-NCR region stood out for a different reason-registering an 8% decline in home deliveries, even as the rest of the country soared.

City-Wise Performance: Who Led the Pack?

The nine cities shaping India’s housing landscape-Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR, Mumbai, Thane, Navi Mumbai, and Pune-each told their own story this year. Pune led the way with 81,563 homes delivered, a 41% rise, followed closely by Thane and Hyderabad, which posted 39% and 61% growth, respectively. Kolkata was the year’s breakout performer with an 88% surge in deliveries, while Mumbai’s steady 22% growth underscored its mature market status.

Delhi-NCR, despite its 8% dip, remained a crucial market, delivering 44,423 homes. The region’s share of total deliveries dropped from 16% in FY24 to 11% in FY25, even as Western India (Mumbai, Navi Mumbai, Thane, Pune) increased its dominance, accounting for 55% of all homes delivered.

Regional Trends: West and South Take the Lead

Western India’s cities-Mumbai, Navi Mumbai, Thane, and Pune-solidified their leadership, delivering more than half of the nation’s new homes. Southern cities like Bengaluru, Chennai, and Hyderabad also expanded their share to 30%, powered by infrastructure growth and shifting buyer preferences. Kolkata’s share rose to 4%, reflecting its rapid transformation, while Delhi-NCR’s dip signaled a temporary cooling in an otherwise hot market.

Expert Insights: What’s Driving the Market?

Industry leaders attribute this delivery boom to positive market sentiment, improved cash flows, and the growing presence of reputed developers. Samir Jasuja, CEO of PropEquity, points to faster project execution and the impact of initiatives like SWAMIH 2.0 in expediting stalled projects.

Pradeep Aggarwal, Chairman of Signature Global, notes that the 33% rise in home deliveries mirrors the sector’s resilience and developers’ increasing efficiency. He sees the trend continuing as developers align strategies to evolving buyer needs and focus on timely execution.

Hyderabad’s momentum, according to Kirthi Chilukuri of Stonecraft Group, is driven by a business-friendly ecosystem and demand for eco-friendly, future-ready communities. In Bengaluru, Umesh Gowda of Sanjeevini Group highlights the role of RERA and SWAMIH in boosting delivery rates, especially in emerging micro-markets like Varthur and Gunjur.

Even in Delhi-NCR, where deliveries dipped, industry voices like Vijay Harsh Jha of VS Realtors see strong fundamentals and growing investor confidence, predicting a rebound supported by infrastructure projects and sustained demand.

Looking Ahead: A Maturing Market

The surge in home deliveries across India’s top cities signals a maturing real estate market, where timely execution, policy support, and evolving consumer aspirations are setting new benchmarks. As infrastructure projects advance and developers focus on quality and delivery, India’s housing sector is poised for continued growth and greater investor confidence.