Maharashtra’s key property markets, the Mumbai Metropolitan Region (MMR) and Pune, together recorded a substantial 30 per cent decline in housing sales during the April-June quarter of 2025. According to data released by housing brokerage firm PropTiger, combined sales in these vital urban centres stood at 41,901 units, a notable drop from 60,191 units in the same period last year. This downturn is primarily attributed to a significant surge in property prices, which has tempered consumer demand across the region.
Pune specifically experienced a 27 per cent fall in sales, with 15,962 units sold compared to 21,925 units in the corresponding quarter of the preceding year. This regional trend mirrors a broader national pattern, as sales across India’s eight primary residential markets collectively fell by 14 per cent during the same period. Analysts indicate that after a phase of robust growth and price appreciation, particularly between 2021 and 2025 where some areas saw substantial price hikes, the market is undergoing a period of recalibration.
The increase in property values, coupled with prevailing economic conditions, has led many potential homebuyers to adopt a cautious “wait and watch” approach. This sentiment has impacted sales volume, despite an underlying demand for housing. Experts suggest that while the short-term dip reflects affordability pressures, especially in certain price segments, the long-term outlook for these dynamic urban real estate markets remains positive, with anticipation of a rebound in sales as market conditions stabilize.
This market adjustment underscores the importance of balanced property pricing for fostering accessible and equitable urban living. As stakeholders navigate these dynamics, the focus remains on ensuring housing opportunities remain within reach for diverse segments. A recalibration towards affordability could pave the way for sustainable growth.
Also Read: Lodha Developers Targets Rs 1500 Cr Rental Income By FY31 With Commercial Push
Maharashtra Housing Markets See Significant Sales Dip In Q2 2025 Amid Price Surge
