Home sales in India’s top seven cities decline 6% in 2nd quarter

Persistent uncertainty amid the West Asia war and its inevitable supply chain disruptions impacted India’s housing sales in the top seven cities in Q2 2026.  Residential sales dropped 6%, with approximately 90,715 units sold in the quarter against approximately 96,285 units in Q2 2025. On Q-o-Q basis, housing sales fell 11%, according to Anarock research data.

Mumbai Metropolitan Region (MMR) and Bengaluru together accounted for over 48% of total sales in the top seven cities, with approximately 43,995 units cumulatively sold in these cities in Q2. Of the top cities, only Kolkata, Hyderabad and Bengaluru respectively saw 10%, 2% and 1% yearly sales increases in Q2 2026. Pune saw the steepest yearly decline of 15% in the quarter.

New housing launches, on the other hand, rose by 7% Y-o-Y - from approximately 98,625 units in Q2 2025 to approximately 1,06,000 units in Q2. MMR and Bengaluru saw the maximum new supply, accounting for 53% of the total new inventory additions across the top 7 cities.

Individually, MMR witnessed a 23% yearly rise and a 14% quarterly decline in new supply. Bengaluru saw new supply rise by a remarkable 41% Y-o-Y in Q2 2026 against Q2 2025, but a 11% quarterly decline.

“These readings are along expected lines, as the Middle East war’s 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 employment hubs, and infrastructure-driven corridors,” said Anuj Puri, Chairman – Anarock group.

Quarterly, average residential prices in the top seven cities rose by a meagre 1% - but rose 7% annually.   At 13%, NCR-Delhi by far saw the highest annual price surge in Q2 2026, while quarterly growth was a more modest 2%. Bengaluru followed with an 8% annual price jump.

India’s top seven cities saw approximately 1,06,000 new units launched in Q2 2026, against 98,625 units in Q2 2025 - a 7% rise. The key cities contributing to new launches were MMR, Pune, Hyderabad, and Bengaluru, which together accounted for 81% of the supply addition.

NCR-Delhi saw sales decline 6% Y-o-Y – from approximately 14,255 units in Q2 2025 to approximately 13,365 units in Q2 2026. Quarterly, it saw a 12% decline in sales.

MMR witnessed the highest sales of approximately 28,710 units in Q2 2026, against 31,275 in Q2 2025 – declining by 8% annually and 12% quarterly.  Pune saw approximately 13,090 units sold in Q2 2026, down by 15% over Q2 2025.

While Bengaluru saw housing sales by meagre 1% in Q2 2026 against Q2 2025, with approximately 15,285 units sold in the quarter, quarterly, it saw a 7% decline in sales.  Chennai saw approximately 5,135 units sold in Q2 2026 – decreasing by 9% against Q2 2025. Quarterly, it saw a 3% decline in sales.  Hyderabad saw approximately 11,270 units sold in the quarter, rising by 2% over Q2 2025. Quarterly, sales declined by 9%.  Kolkata saw housing sales increase by 10% in the quarter against Q2 2025, with approximately 3,860 units sold in Q2 2026. Quarterly, the city saw sales decline by 8%.

While investing in real estate investment, can I avail a joint home loan with my wife who is employed in India? Pranam Sudhir, Sharjah.

Yes. You can buy and seek home loans as your wife is employed in India and having a regular monthly income.  A sale deed is to be registered with due consideration between your relative and both you and your wife as joint purchasers. 

In the event of sale consideration lower than the market valuation, you may have to pay registration charges and stamp duty as per market rates.

 The lending institution will ascertain the loan eligibility based on the income, age, repayment capacity and other factors.  

My father has not left any Will when he passed away recently.  How does the asset transfer takes place among the family members in the absence of Will?  Jaiprakash, Dubai.

When there is no Will, you will have to provide substantial proof of legal heirship and need to obtain the succession certificate.  The district judge issues the succession certificate within whose jurisdiction your father ordinarily resided at the time of death. 

All the legal heirs will have to approach a competent registrar of assurances with the succession certificate and a copy of the death certificate.  Mutation of the property is also required for change in ownership in land revenue records.  The court normally charges a fixed percentage of the estate value as its fee.