Now Reading: India home sales dip 6% in top eight cities in Q2 2026
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India home sales dip 6% in top eight cities in Q2 2026
Housing sales across India's top eight cities fell 6.1% year-on-year to 91,729 units in the second quarter of 2026, according to data from a real estate consultancy. Prices remained elevated at over…
Housing sales across India's top eight cities fell 6.1% year-on-year to 91,729 units in the second quarter of 2026, according to data from a real estate consultancy. Prices remained elevated at over Rs 10,000 per sq ft in most markets.
The decline reflects growing buyer caution amid rising property prices and economic uncertainty. Cities like Mumbai, Delhi-NCR, Bengaluru, and Pune saw slower sales momentum compared to the same period last year.
Analysts attribute the blip to affordability pressures and a wait-and-watch approach from homebuyers. The upcoming festive season will be closely watched for signs of a recovery in demand.
Indian Opinion Analysis
The 6% drop comes after two years of strong post-pandemic recovery, when pent-up demand and low interest rates drove record sales. With home loan rates still high and property prices rising faster than incomes, affordability has eroded, particularly in metros where prices cross Rs 10,000 per sq ft. The Reserve Bank's next repo rate decision in August will be a key signal: a cut could revive demand, while a hold may prolong the slowdown. Developers are already offering discounts and flexible payment plans in some projects to lure buyers back.
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above.
