Mumbai, Mar 27 (TNT): Housing sales across India’s top seven cities declined by 7 per cent quarter-on-quarter in Q1 2026 amid global uncertainties triggered by the Middle East conflict, according to ANAROCK Research.
Approximately 1,01,675 units worth ₹1.51 lakh crore were sold during the quarter, compared to around 1,08,970 units worth ₹1.60 lakh crore in Q4 2025. However, on an annual basis, sales rose by about 9 per cent over Q1 2025, reflecting a low base effect.
Mumbai Metropolitan Region (MMR) and Bengaluru together accounted for nearly 48 per cent of total housing sales during the quarter.
Chennai recorded the steepest quarterly decline of 18 per cent but also posted the highest annual growth of 31 per cent.
New launches in the top seven cities saw a marginal 2 per cent increase over the previous quarter to around 1,26,265 units, while registering a robust 26 per cent year-on-year growth.
MMR, Hyderabad, Bengaluru, Pune and NCR together contributed 92 per cent of the total new supply.
ANAROCK Group Chairman Anuj Puri said the short-term impact of geopolitical tensions, particularly rising oil and construction costs, affected buyer sentiment and sales during the quarter.
He also noted that new launches have begun to outpace sales, reversing the post-pandemic trend.
As a result, unsold inventory rose by 4 per cent quarter-on-quarter and 7 per cent year-on-year, crossing 6 lakh units across the top seven cities while Bengaluru recorded the highest increase in unsold stock, followed by Hyderabad.
Meanwhile, residential property prices recorded largely single-digit annual growth across cities, with NCR witnessing double-digit appreciation driven by increased supply in luxury and ultra-luxury segments.
TNT KS
Leave a Reply