The real estate sector is currently going through a tough phase amid rising geopolitical tensions, creating headwinds for the economy. According to a report by real estate consultant PropTiger, housing sales in the first three months of 2026 (January to March) declined, due to a slowdown in demand and also a less fresh supply of low-cost homes.
In the period, the sales of homes slipped by 2 per cent on an annual basis to nearly 96,000 units in 8 major cities - Ahmedabad, Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, MMR (Mumbai, Navi Mumbai and Thane) and Pune.
The report, titled 'Real INSIGHT â Residential Q1 2026' said that sales of residential properties declined 2 per cent to 95,973 units during January-March 2026 from 98,095 units in the year-ago period.
New supply remained flat at 93,065 units during the first quarter of 2026 calendar year from 93,144 units in the year-ago period.
City-wise, the sales grew in Bengaluru by 33 per cent to 15,603 units from 11,731 units on YoY basis in the mentioned period.
In Chennai, the sales increased to 6,841 units from 4,774 units. Hyderabad saw an increase of 25 per cent to 13,297 units from 10,647 units. Sales of residential properties in Delhi-NCR grew 11 per cent to 9,447 units from 8,77 units.
However, the sales dropped in Mumbai Metropolitan Region (MMR) 15 per cent to 26,116 units from 30,705 units. In Pune, the sales declined 21 per cent to 13,565 units from 17,228 units.
Kolkata also witnessed a decline. The sales slipped by 24 per cent to 2,883 units from 3,803 units. The housing sales in Ahmedabad dipped 23 per cent to 8,221 units.
Prakash Tejwani, CEO of PropTiger, said that the Indian residential market has transitioned into a structurally more disciplined phase. Growth today is increasingly being driven by demand quality, inventory discipline, and buyer confidence rather than speculative expansion.
He added that all eight cities registered positive year-on-year price appreciation. Unsold inventory levels remained broadly balanced.
