New Delhi [India], June 29: 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.
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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 infrastructuredriven 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.).
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Ends.
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