Summary of this article
During Q2 2026, residential sales were recorded at 90,715 units as against 96,285 units recorded in Q2 2025. Housing sales declined 11 per cent on Q-o-Q basis.
MMR and Bengaluru contributed more than 48 per cent towards the overall sales in top 7 cities. Together, close to 43,995 units were sold across the top 7 cities in Q2 2026.
In terms of absolute growth, NCR saw the highest annual price growth of 13 per cent in Q2 2026.
India’s residential real estate momentum slowed down during Q2 2026 as investors’ sentiment dipped amid widespread global economic uncertainty. Although housing sales across the top seven cities dropped by 6 per cent year-on-year, developers launched more projects during the second quarter, thus driving fresh supply up by 7 per cent. This shows developers’ sentiment remained strong and they continue to bet big on India’s real estate market despite the short-term weakening in housing demand, said ANAROCK Research.
During Q2 2026, residential sales were recorded at 90,715 units as against 96,285 units recorded in Q2 2025. Housing sales declined 11 per cent on Q-o-Q basis.
The Mumbai Metropolitan Region (MMR) and Bengaluru contributed more than 48 per cent towards the overall sales in top 7 cities. Together, close to 43,995 units were sold across the top 7 cities in Q2 2026. Amongst top cities, only Kolkata, Hyderabad and Bengaluru witnessed yearly sales growth of 10 per cent, 2 per cent and 1 per cent, respectively, in Q2 2026, while Pune experienced the maximum drop in yearly sales (15 per cent) during the quarter.
Yearly new launches across top 7 cities rose by 7 per cent - from close to 98,625 units in Q2 2025 to about 1,06,000 units in Q2 2026. MMR and Bengaluru together accounted for the highest new supply across the top 7 cities, contributing 53 per cent of the overall new inventory supply in these cities.
While individually MMR witnessed a yearly growth of 23 per cent in new supply, the absorption fell by 14 per cent Q-o-Q. Bengaluru registered a stupendous growth of 41 per cent year-on-year in new supply in Q2 2026 as against Q2 2025. However, quarterly growth for Bengaluru witnessed a fall of 11 per cent
“Overall, these indicators are on expected lines as ramifications of the Middle East war on the entire realty sector was evident. Setting aside reasons, the present scenario reveals a balanced housing market with new supply finally catching up with demand as sales growth eased in most metros. Interestingly, sales momentum is highest today in premium housing, employment hubs led by the GCC diaspora and infrastructure-driven corridors. Also, the uncertainty created by the Middle East conflict and, unsurprisingly, AI-led disruption fears in the IT/ITeS space have left many buyers on the fence,” said Anuj Puri, Chairman, ANAROCK Group.
“On an annual basis, interestingly, new launches held up well in Q2 2026 as large and listed developers unleashed projects on the huge land parcels they had bought in 2025,” Puri added. “Quarter-on-quarter new supply in the top seven cities fell 16 per cent in Q2 2026. Buyer sentiment, weakened by uncertainty would also have led many developers to pull back on new supply.”
Movements in Average Price
Average home prices across these 7 cities grew by just 1 per cent on a quarter-on-quarter basis, and 7 per cent on year-on-year basis. Year-on-year growth has decelerated marginally in Q2 compared to last year’s double-digit annual price growth across these cities.
In terms of absolute growth, NCR saw the highest annual price growth of 13 per cent in Q2 2026. On a quarterly basis, however, prices here grew by 2 per cent. Bengaluru saw an annual price growth of 8 per cent.
New Launches
Approximately 1,06,000 new units were launched across the top 7 cities in Q2 2026 compared to 98,625 units during Q2 2025, a growth of 7 per cent. The bulk of the new launches came from MMR, Pune, Hyderabad and Bengaluru. Together these cities accounted for 81 per cent of total supply addition.
Overall Sales Overview
Close to 90,715 units were sold in the top 7 cities during Q2 2026, down by 11 per cent QoQ over Q1 2026. Top five cities, including NCR, MMR, Bengaluru, Pune and Hyderabad, contributed 90 per cent of the sales during the quarter. When compared quarterly, top 7 cities witnessed a decline of 6 per cent YoY (approx. 96,285 units were sold in Q2 2025.)
