News: Home Sales in Top Seven Cities Slip 7% in Q1 2026-27-03-2026
Housing sales across India’s top seven cities fell 7% in Q1 2026 from the previous quarter as the US-Iran war weighed on the market, according to ANAROCK Research. About 1,01,675 units worth Rs 1.51 lakh crore were sold, against approximately 1,08,970 units worth Rs 1.60 lakh crore in Q4 2025.
MMR led with approximately 32,800 units, down 6% from about 34,725. Bengaluru sold approximately 16,440 units, 5% lower than 17,250, and the two cities together made up 48% of sales. Pune was down 10% at approximately 15,300 units from 17,000. NCR dropped 8% to approximately 15,190 units from 16,525. Hyderabad was nearly flat at approximately 12,425 units against 12,435. Chennai recorded the steepest fall, 18%, to approximately 5,310 units from 6,460, and Kolkata declined 8% to approximately 4,210 from 4,575.
New launches moved the other way. The seven cities added 1,26,265 units in Q1 2026, up 2% from 1,23,835 in Q4 2025 and 26% from 1,00,020 in Q1 2025. Hyderabad saw the biggest quarterly jump in supply at 46%, followed by Bengaluru at 7% and MMR at 6%, while Pune, NCR, Chennai and Kolkata saw launches fall.
By price, homes of Rs 1.5-2.5 crore formed 32% of new supply and those above Rs 2.5 crore 20%. The Rs 80 lakh-1.5 crore range accounted for 25%, Rs 40-80 lakh for 12% and below Rs 40 lakh for 10%.
Average prices mostly rose in single digits over the year. The exception was NCR, where the data cited double-digit growth of 4-15% over Q1 2025, mainly because of more luxury and ultra-luxury supply. NCR and Bengaluru had the highest annual price increases, of over 15% and 8% respectively.
Unsold inventory rose 4% quarter-on-quarter and 7% year-on-year to over 6.01 lakh units by the end of Q1 2026. Bengaluru saw the largest increases, 12% and 24% respectively.
Anuj Puri, Chairman, ANAROCK Group, said long-term fundamentals remain strong but the war’s short-term tremors were visible, with surging oil and construction prices hurting sentiment, particularly in March. He said many prospective Middle Eastern buyers had also paused. Puri added that launches have begun to outpace sales, reversing the post-pandemic pattern.
