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Informist, Monday, Jun. 29, 2026

NEW DELHI – The housing sales in the top seven cities across the country dropped 6% on year to 90,715 units in the June quarter due to persistent uncertainity amid the West Asia crisis, and its inevitable supply chain disruptions, ANAROCK Property Consultants Pvt. Ltd. said in a press release Monday. The residential sales stood at 96,285 units in the same-period last year, the press release said. Sequentially, the housing sales fell 11% from the March quarter. 

Among cities, Pune was the worst hit, with the sales falling 15% on year to 13,090 units in the June quarter, as against 15,410 units in the same period last year. This was followed by Chennai, where the sales dropped 9% on year to 5,315 units, while Mumbai Metropolitan Region saw an 8% on-year decline in housing sales to 28,710 units. 

The National Capital Region's housing sales dropped 6% on year to 13,365 units. In contrast, Kolkata residential sales saw an uptick of 10% on year to 3,860 units. The housing sales in Hyderabad and Bengaluru grew 2% and 1% on year to 11,270 units and 15,285 units, respectively, the press release said. 

"These readings are along expected lines, as the Middle East war's (West Asia crisis) impacts on the entire sector were all too obvious. Reasons aside, what we have currently is a more balanced housing market where new supply is catching up with absorption as sales growth moderated across most top cities. Notable, the most sales growth now is in premium housing, GCC-led (global capability center) employment hubs, and infrastructure-driven corridors. Also, the Middle East war's disruptions and, inevitably, AI-related uncertainties in the IT/ITeS (information technology/information technology enabled services) sector have pushed more buyers onto the fence," Anuj Puri, chairman, ANAROCK Group, said in a statement. 

Meanwhile, the new residential housing launches grew 7% on year to 106,000 units from 98,625 units in the June quarter. Among cities, Hyderabad's new housing supply grew 53% on year to 16,970 units, and Kolkata's new launches saw an uptick of 42% on year to 3,550 units in June quarter. This was followed by Bengaluru, which saw a 41% on-year increase in new launches to 21,670 units in the June quarter. Mumbai Metropolitan Region saw a 23% on-year increase in the new supply to 34,555 units, according to Anarock. 

National Capital Region was the worst hit, with the new launches dropping 40% on year to 11,205 units in the June quarter, as against 18,760 units in the same period last year. This was followed by Chennai, where the new housing supply dropped 38% on year to 5,315 units, while Pune saw a 10% on year decline in new launches to 12,735 units in the reporting quarter. 

"New launches remained strong in Q2 2026 (June quarter) annually as large and listed developers unleashed projects on the massive land parcels they acquired in 2025," said Puri, adding that on quarterly basis, new supply in the top cities dropped by 16% (on year) in Q2 2026 (June quarter). "Uncertainty-weakened buyer sentiment would also have caused many developers to throttle back new supply."

In terms of pricing, the average residential prices in the top seven cities grew 7% on year annually. The annual growth rate has slowed down marginally in this quarter when viewed against the double-digit growth in these cities last year, the press release said. National Capital Region saw the highest price surge by 13% on year, followed by 8% on year increase in prices in Bengaluru, ANAROCK said. End

Reported by Astha Oriel

Edited by Akul Nishant Akhoury

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