Housing Sales Dip 6% Y-o-Y in Q2 2026 Across Top 7 Cities, Launches Up
7% - ANAROCK
· Q2 2026 saw approx.
90,715 units sold in the top 7 cities, against over 96,285 units in Q2 2025
· Of the top cities,
only Kolkata, Hyderabad & Bengaluru saw 10%, 2% & 1% yearly sales rise
respectively in Q2 2026
· MMR & Bengaluru
together accounted for 48% of total sales in Q2 2026 with approx. 28,710 &
15,285 units sold, respectively
· Meanwhile, new
supply in Q2 2026 saw 7% Y-o-Y rise – from approx. 98,625 units launched in Q2
2025 to approx. 1,06,000 units in Q2 2026: on a Q-o-Q basis, a 16% decline
· MMR & Bengaluru
again led supply with approx. 34,555 & 21,670 units added, respectively -
53% of total fresh supply in top 7 cities; at 53%, Hyderabad saw highest yearly
rise of new launches in Q2 2026
· Homes priced within
INR 80 lakh – INR 1.5 Cr comprise the highest supply share at 27%, followed by
INR 1.5 Cr – INR 2.5 Cr budget range comprising 25% share, >INR 2.5 Cr
budget share at 22%, mid segment (INR 40 lakh - INR 80 lakh) 19% share;
affordable supply share down to single-digits at just 6%
· Available inventory
in top 7 cities up 10% annually; Bengaluru saw highest yearly rise of 34%; NCR
only city to maintain status quo
· Avg. property
prices in top cities saw a 7% cumulative annual rise, but just 1% quarterly
jump – NCR saw highest 13% yearly rise, followed by Bengaluru with 8% avg.
price hike
Mumbai 29 June 2026 - Persistent uncertainty amid the West Asia war and
its inevitable supply chain disruptions impacted housing sales in the top 7
cities in Q2 2026, finds latest ANAROCK Research data. Residential sales
dropped 6%, with approx. 90,715 units sold in the quarter against approx.
96,285 units in Q2 2025. On Q-o-Q basis, housing sales fell 11%.
MMR and Bengaluru together accounted for over 48% of total sales in the top 7
cities, with approx. 43,995 units cumulatively sold in these cities in Q2 2026.
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 launches, on the other hand, rose by 7% Y-o-Y - from approx. 98,625 units
in Q2 2025 to approx. 1,06,000 units in Q2 2026. 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.
Anuj Puri, Chairman - ANAROCK Group, says, “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. Also, the Middle East war’s disruptions and, inevitably, AI-related uncertainties in the IT/ITeS sector have pushed more buyers onto the fence.”
“Interestingly, new launces remained strong in Q2 2026 annually as large and listed developers unleashed projects on the massive land parcels they acquired in 2025,” adds Puri. “However, on quarterly basis, new supply in the top cities dropped by 16% in Q2 2026. Uncertainty-weakened buyer sentiment would also have caused many developers to throttle back new supply.”
Average Price Movement
Quarterly, average residential prices in the top 7 cities rose by a meagre 1% - but rose 7% annually. The annual growth rate has slowed down marginally in this quarter when viewed against the double-digit growth in these cities last year.
At 13%, NCR 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.
New Launches
The top 7 cities saw approx. 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 (Mumbai Metropolitan Region), Pune, Hyderabad, and Bengaluru,
which together accounted for 81% of the supply addition.
- MMR saw approx. 34,555
units launched in Q2 2026 – increasing by 23% over Q2 2025 and declining
over 14% on quarterly basis. More than 57% of the new supply was added in
the sub-INR 1.5 Cr budget segment.
- NCR saw a 40% decline in
new launches against Q2 2025 with approx. 11.205 units launched in Q2
2026. On quarterly basis, there was a 30% fall. A whopping 61% new supply
in Q2 was added in the luxury segments (priced >INR 1.5 Cr.)
- Bengaluru added approx. 21,670
units in Q2 2026, declining quarterly by 11%. However, on a yearly basis,
there was whopping 41% jump. Approx. 96% of the new supply was in
the premium and luxury segments (INR 80 lakh onwards)
- Pune added approx. 12,735
new units in Q2 2026, compared to 14,220 units in Q2 2025 – a decrease of
10%. Quarterly, the city recorded a 20% supply decline. Over 78% of the
new supply in Q2 2026 was added in the mid and premium segments (INR 40
lakh to INR 1.5 Cr.)
- Hyderabad added approx. 16,970
units in Q2 2026, a quarterly decrease of 12% but a 53% increase against
the corresponding period in 2025. Over 82% of the new supply was added in
the premium and luxury segments (INR 80 lakh to INR 2.5 Cr.)
- Chennai added approx. 5,315
units in Q2 2026, a quarterly decrease of 1% against Q1 2026 and an annual
fall of 38%. Over 78% of new supply was added in the mid and premium
segments.
- Kolkata added approx. 3,550
units in Q2 2026, a decrease of 32% over Q1 2026 and a 42% rise against Q2
2025. Approx. 58% of the new supply was added in the premium and luxury
segments (INR 80 lakh to INR 2.5 Cr.)
|
City-wise Supply (In Units) &
Percentage Change |
|||||
|
Cities Name |
Q2-2026 |
Q1-2026 |
% Change (Q1-2026 Vs Q2-2026) |
Q2-2025 |
% Change (Q2-2025 Vs Q2-2026) |
|
NCR |
11,205 |
15,985 |
-30% |
18,760 |
-40% |
|
MMR |
34,555 |
40,015 |
-14% |
28,165 |
23% |
|
Bangalore |
21,670 |
24,370 |
-11% |
15,345 |
41% |
|
Pune |
12,735 |
16,000 |
-20% |
14,220 |
-10% |
|
Hyderabad |
16,970 |
19,280 |
-12% |
11,105 |
53% |
|
Chennai |
5,315 |
5,395 |
-1% |
8,525 |
-38% |
|
Kolkata |
3,550 |
5,220 |
-32% |
2,505 |
42% |
|
Total |
1,06,000 |
1,26,265 |
-16% |
98,625 |
7% |
Source: ANAROCK Research & Advisory
Overall Sales Overview
Approx. 90,715 units were sold in Q2 2026 across the top 7 cities – a
quarterly decline of 11% over Q1 2026. NCR, MMR, Bengaluru, Pune, and Hyderabad
together accounted for 90% sales in the quarter. Annually, the top 7 cities
recorded a 6% sales decline (approx. 96,285 units were sold in Q2 2025.)
- NCR saw sales decline 6%
Y-o-Y – from approx. 14,255 units in Q2 2025 to approx. 13,365 units in Q2
2026. Quarterly, it saw a 12% decline in sales.
- MMR witnessed the highest
sales of approx. 28,710 units in Q2 2026, against 31,275 in Q2 2025 –
declining by 8% annually and 12% quarterly.
- Pune saw approx. 13,090
units sold in Q2 2026, down by 15% over Q2 2025.
- Bengaluru saw housing sales by
meagre 1% in Q2 2026 against Q2 2025, with approx. 15,285 units sold in
the quarter. Quarterly, it saw a 7% decline in sales.
- Chennai saw approx. 5,135
units sold in Q2 2026 – decreasing by 9% against Q2 2025. Quarterly, it
saw a 3% decline in sales.
- Hyderabad saw approx. 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 approx. 3,860 units
sold in Q2 2026. Quarterly, the city saw sales decline by 8%.
|
City wise Absorption (In Units) &
Percentage Change |
|||||
|
Cities Name |
Q2-2026 |
Q1-2026 |
% Change (Q1-2026 Vs Q2-2026) |
Q2-2025 |
% Change (Q2-2025 Vs Q2-2026) |
|
NCR |
13,365 |
15,190 |
-12% |
14,255 |
-6% |
|
MMR |
28,710 |
32,800 |
-12% |
31,275 |
-8% |
|
Bangalore |
15,285 |
16,440 |
-7% |
15,120 |
1% |
|
Pune |
13,090 |
15,300 |
-14% |
15,410 |
-15% |
|
Hyderabad |
11,270 |
12,425 |
-9% |
11,040 |
2% |
|
Chennai |
5,135 |
5,310 |
-3% |
5,660 |
-9% |
|
Kolkata |
3,860 |
4,210 |
-8% |
3,525 |
10% |
|
Total |
90,715 |
1,01,675 |
-11% |
96,285 |
-6% |
Source: ANAROCK Research & Advisory
Available Inventory
Available inventory in the top 7 cities rose to more than 6.16 lakh
units by Q2 2026-end, against approx. 5.62 lakh units in Q2 2025 – rising by
10% annually. Bengaluru witnessed the highest yearly increase of 34% - from
approx. 58,890 units by Q2 2025-end to approx. 79,180 units by Q2 2026-end.
