India Housing Sales Fall Below 100,000 Units

08 Apr 2026 CW Team

PropEquity founder Samir Jasuja attributed the overall decline to constrained supply rather than weakening demand, and he noted that close to 22,000 fewer units were supplied in Q1 2026 compared with the same period a year earlier. The firm highlighted that Delhi-NCR and Bengaluru were exceptions to the broader moderation, with differing absorption trends. In Delhi-NCR higher-value project launches appeared to temper sales even as availability increased. The pattern pointed to structural shifts in market supply rather than a uniform demand slowdown.

Bengaluru emerged as the top-performing market, recording sales of 17,991 units, up 16 per cent quarter-on-quarter and three per cent year-on-year. Delhi-NCR recorded sales of 12,141 units, rising 13 per cent annually but slipping one per cent sequentially. All other cities saw declines, indicating broad-based moderation across key urban markets. The uneven performance suggested that local supply and product mix continued to shape outcomes.

On the supply side Delhi-NCR led launches with 17,227 units in the quarter, representing an 89 per cent year-on-year increase and an eight per cent sequential rise, making it the only city among the top nine to post an increase in launches. Bengaluru registered 17,782 units launched, a 10 per cent sequential gain though supply remained down 24 per cent year-on-year. Chennai saw launches rise 12 per cent quarter-on-quarter to 2,909 units while falling 62 per cent annually. Analysts said pricing and product mix were influencing buyer behaviour and that the market’s near-term trajectory would depend on how quickly supply pipelines recovered and whether developers recalibrated offerings.

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Housing sales across India’s top nine cities fell below the 100,000-unit mark after 18 quarters in January–March 2026, with sales at 98,761 units. Sales declined 13 per cent year-on-year and six per cent quarter-on-quarter, while new housing launches dropped 19 per cent annually and eight per cent sequentially to 92,411 units, according to data from PropEquity. The slowdown highlighted a supply-side constraint that tempered the post-pandemic recovery in the residential property market. The moderation contrasted with pockets of resilience in key urban centres. PropEquity founder Samir Jasuja attributed the overall decline to constrained supply rather than weakening demand, and he noted that close to 22,000 fewer units were supplied in Q1 2026 compared with the same period a year earlier. The firm highlighted that Delhi-NCR and Bengaluru were exceptions to the broader moderation, with differing absorption trends. In Delhi-NCR higher-value project launches appeared to temper sales even as availability increased. The pattern pointed to structural shifts in market supply rather than a uniform demand slowdown. Bengaluru emerged as the top-performing market, recording sales of 17,991 units, up 16 per cent quarter-on-quarter and three per cent year-on-year. Delhi-NCR recorded sales of 12,141 units, rising 13 per cent annually but slipping one per cent sequentially. All other cities saw declines, indicating broad-based moderation across key urban markets. The uneven performance suggested that local supply and product mix continued to shape outcomes. On the supply side Delhi-NCR led launches with 17,227 units in the quarter, representing an 89 per cent year-on-year increase and an eight per cent sequential rise, making it the only city among the top nine to post an increase in launches. Bengaluru registered 17,782 units launched, a 10 per cent sequential gain though supply remained down 24 per cent year-on-year. Chennai saw launches rise 12 per cent quarter-on-quarter to 2,909 units while falling 62 per cent annually. Analysts said pricing and product mix were influencing buyer behaviour and that the market’s near-term trajectory would depend on how quickly supply pipelines recovered and whether developers recalibrated offerings.

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