Maharashtra's top property markets, Mumbai, Thane, Navi Mumbai, and Pune, saw steep declines in home sales and new launches in Q2 2025, marking a sharp market correction. Mumbai and Thane both reported a 34% drop in sales, with new supply falling by over 50%. Pune sales fell 27%, while Navi Mumbai dipped 17%. In contrast, Delhi NCR and Chennai showed growth. Analysts attribute Maharashtra's slump to past price surges, economic caution, and buyer wait-and-watch sentiment ahead of the festive season. Despite the dip, developers remain upbeat, viewing the slowdown as a step toward sustainable growth, price stability, and improved market health.Read more
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