Housing gross sales throughout India’s high eight residential markets fell 6.1% year-on-year to 91,729 items within the April-June quarter of 2026, as pre-monsoon seasonality and cautious shopping for sentiment weighed on exercise, based on PropTiger.com’s Actual Perception Report Q2 2026. Gross sales additionally declined 4.4% from the earlier quarter, when the market had recorded 95,973 items.
The report, launched by Aurum PropTech, mentioned the decline needs to be seen as a section of consolidation somewhat than a broad slowdown. The year-on-year comparability was additionally towards a robust Q2 2025 base of 97,674 items. On the similar time, builders continued to launch new initiatives, indicating that supply-side confidence remained intact.
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New Launches Stay Forward Of Gross sales
Builders launched 89,161 housing items throughout the eight cities throughout the quarter, up 6% from a yr earlier, though launches declined 4.2% sequentially. With gross sales exceeding new provide by 2,568 items, the report mentioned the demand-supply steadiness remained comparatively secure, limiting the danger of a significant build-up in unsold stock.
The market can be displaying a shift in the direction of worth somewhat than volumes. The sales-weighted common residential worth rose 1% sequentially to Rs 10,153 per sq. foot, remaining above the Rs 10,000 mark for a second consecutive quarter. All eight markets recorded annual worth progress, starting from 4.4% in Chennai to 26% in Bengaluru.
Bengaluru Leads Worth Development; Chennai Gross sales Rise
Bengaluru recorded the strongest annual worth appreciation at 26%, whilst gross sales declined. Pune crossed the Rs 8,000 per sq. foot threshold for the primary time, whereas Mumbai Metropolitan Area remained the nation’s largest residential market by each gross sales quantity and worth.
Chennai posted the strongest annual gross sales progress among the many eight markets, with gross sales rising 36%. Kolkata recorded the best sequential enchancment, with gross sales growing 22% from the earlier quarter on a post-election rebound. Ahmedabad remained essentially the most reasonably priced market at Rs 5,295 per sq. foot.
The report flagged affordability strain, premium-inventory absorption, monsoon-to-festive seasonality, geopolitical volatility and technology-sector employment sensitivity in Bengaluru, Pune and Hyderabad as key dangers.
For the third quarter, PropTiger expects festive-season demand, infrastructure progress and continued GCC and start-up hiring to assist the housing market. The outlook stays considered one of cautious optimism, with affordability prone to stay the important thing variable for patrons and builders.
“Q2 2026 knowledge confirms India’s residential market is maturing, not weakening,” Prakash Tejwani, CEO of PropTiger.com, mentioned.
He mentioned costs have remained above Rs 10,000 per sq. foot for 2 consecutive quarters whilst patrons have develop into extra selective. Tejwani added that disciplined provide might place builders favourably for the festive quarter, whereas affordability stays a key variable.
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