real estate sectorImage Credit source: ai generated
The impact of rising prices and ongoing tension on global labels was first seen on Dubai’s real estate sector. Now its effect is being seen even in the top cities of India. According to the report of real estate consultancy Anarock, residential sales declined by 6 percent to 90,715 units during the April-June quarter in seven major cities of the country. According to the report, economic uncertainty and rising house prices were the main reasons for this.
According to Anarock’s report, total residential sales in Mumbai Metropolitan Region (MMR), Delhi-National Capital Region (NCR), Pune, Bengaluru, Hyderabad, Chennai and Kolkata in the same period last year stood at 96,285 units. According to the report, in these seven cities, an increase of seven percent was recorded in the average price of houses in the current quarter as compared to the same period in 2025.
Impact of West Asia crisis is visible
Interestingly, Anarock’s April-June quarter sales figures are completely different from those reported by recently listed company PropEquity. PropEquity had claimed that sales of residential properties increased by 19 percent to 1,12,458 units in the current quarter. Anarock Chairman Anuj Puri says that these figures are in line with the expected trend, because the impact of the war in West Asia was clearly visible on the entire real estate sector. In fact, due to the disruptions arising from the West Asia war and uncertainties related to AI in the Information Technology (IT)/ITES sector, more buyers are currently postponing the purchase decision.
This was the performance of seven cities
Puri said that now the growth in residential demand is being limited mainly to premium housing, Global Capability Center (GCC) based employment centers and areas with infrastructure development. According to Anarock data, the offer and supply of new residential projects in these seven cities increased by seven per cent to 1,06,000 units during the April-June quarter, compared to 98,625 units in the same period last year. The consulting company said that in the second quarter of this calendar year, the average residential price in these seven cities registered an increase of seven percent on an annual basis. The highest annual increase of 13 percent in housing prices was recorded in Delhi-NCR.
