India, June 25 -- The Mumbai real estate market, along with Thane, Navi Mumbai, and Pune, saw a decline in housing sales and new launches in Q2 2025, according to data from analytics firm PropEquity.

In Mumbai, housing sales dropped 34% year-on-year to 8,006 units in Q2 2025 from 12,114 units in Q2 2024. New launches also fell sharply by 61% to 4,949 units, compared to 12,610 units in the same quarter last year.

The data showed that sales in the satellite cities of Thane and Navi Mumbai declined by 34% and 17%, respectively, while new supply dropped by 58% in Thane and 56% in Navi Mumbai.

The Pune real estate market was the third most affected city among the top nine cities in India. Sales fell by 27% in Q2 2025, and supply dipped by 4...