Housing Sales Down 6% in Top 7 Cities

Housing sales fell 6 per cent in April-June to 90,715 units across seven major cities on subdued demand amid economic uncertainties and also rising home prices, according to Anarock data. The seven cities saw an average price appreciation of 7 per cent during the current quarter as against the same period of 2025. The Middle East war's disruptions and AI-related uncertainties in the IT/ITeS sector have pushed more buyers onto the fence. Housing demand growth is now concentrated in premium housing, GCC-led employment hubs, and infrastructure-driven corridors. Housing sales in Delhi-NCR declined 6 per cent to 13,365 units in April-June. In the MMR, the sales fell 8 per cent to 28,710 units. Housing sales in Pune dipped 15 per cent, down 9 per cent in Chennai. However, sales rose in both Hyderabad and Bengaluru. As per the Anarock data, housing sales in Bengaluru rose 1 per cent to 15,285 units from 15,120 units. Hyderabad too witnessed a 2 per cent growth in sales to 11,270 units from 11,040 units. Lastly, the housing sales in Kolkata increased 10 per cent to 3,860 units in April-June 2026 from 3,525 units in the year-ago period. Anarock chairman Anuj Puri commented that the readings are along expected lines, as the Middle East war's impacts on the entire sector were all too obvious. He pointed out that the housing demand growth is now concentrated in premium housing, GCC-led employment hubs, and infrastructure-driven corridors. The Anarock data is in contrast to a latest report by listed entity PropEquity, which mentioned a 19 per cent growth in sales of residential properties at 112,458 units in the current quarter. The decline in housing sales can be attributed to the economic uncertainties and rising home prices. The average price appreciation of 7 per cent during the current quarter has made it difficult for buyers to purchase homes. The real estate sector is expected to witness a slowdown in the coming months due to the economic uncertainties and rising home prices. However, the demand for premium housing and infrastructure-driven corridors is expected to remain strong. The Anarock data provides an insight into the current state of the real estate sector in India. The decline in housing sales and the rise in home prices are a cause of concern for the sector. However, the demand for premium housing and infrastructure-driven corridors is expected to drive the growth of the sector in the coming months.