Home sales fall to three-year low in June quarter

New Delhi: Home sales declined 11% sequentially-and 6% year on year-in the quarter to June, logging their most circumspect performance since January-March 2023, as persistent uncertainty amid the West Asia war and supply chain disruptions dented sentiment, data from Anarock showed. With 404,005 units sold in FY26, the numbers are the lowest since FY23. Sales dropped to 90,715 units, compared with 96,285 units in the June quarter last year.

"These numbers are along expected lines, as the Middle East war's impacts on the entire sector were all too obvious. However, the most sales growth is now in premium housing, GCC-led employment hubs, and infrastructure-driven corridors," said Anuj Puri, chairman, Anarock Group. "Also, the Middle East war's disruptions and, inevitably, AI-related uncertainties in the IT/ITeS sector have pushed more buyers onto the fence."

MMR and Bengaluru together accounted for more than 48% of total sales in the top seven cities, with approximately 43,995 units cumulatively sold in these cities in the June quarter. Among the top cities, only Kolkata, Hyderabad and Bengaluru saw yearly sales increases of 10%, 2% and 1%, respectively. Pune saw the steepest yearly decline of 15% during the quarter.


New launches, on the other hand, rose 7% year-on-year, from 98,625 units last year to 106,000 units.

MMR and Bengaluru saw the maximum new supply, accounting for 53% of the total new inventory additions across the top seven 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% year-on-year in the June quarter, compared with last year.

"New launches remained strong on an annual basis as large and listed developers launched projects on the massive land parcels they acquired in 2025. However, on a quarterly basis, new supply in the top cities dropped 16% in the first quarter (of FY27). Uncertainty-weakened buyer sentiment would also have caused many developers to throttle back new supply," Puri said.

Quarterly average residential prices in the top seven cities rose by a meagre 1%, but increased 7% annually.