Overview
- Year-on-year housing sales across India’s seven major cities dropped 20% to 96,285 units in April–June, according to Anarock Research.
- Chennai was the only city to record growth, with sales rising 11% year-on-year to 5,660 units and jumping 40% from the previous quarter.
- Average residential prices climbed 11% annually across these metros, led by a 27% surge in the Delhi-NCR region.
- Developers trimmed new project launches by 16% year-on-year to 98,625 units, and luxury plus ultra-luxury homes made up 46% of fresh supply.
- Unsold inventory held steady at about 5.62 lakh units at quarter-end, even as easing home loan rates and supportive monetary policy hint at a market rebound.