The Mumbai Metropolitan Region (MMR) continued to dominate India’s residential real estate market during the April–June 2026 quarter, despite a slowdown in housing sales triggered by geopolitical tensions in West Asia, according to a report by ANAROCK Research.
Across India’s seven major cities, approximately 90,715 homes were sold during Q2 2026, marking a 6% decline from 96,285 units in the corresponding period last year. Sales also fell 11% compared to the previous quarter, reflecting cautious buyer sentiment amid global economic uncertainty.
Despite the softer demand, MMR remained the country’s largest housing market, recording sales of around 28,710 residential units during the quarter. Although this represented an 8% year-on-year decline from 31,275 units, the region accounted for nearly one-third of all homes sold across the top seven cities.
The region also led the country in new residential launches, with developers introducing nearly 34,555 housing units—a 23% increase compared to the same period last year. However, launches declined 14% sequentially from the January–March quarter. More than 57% of the newly launched homes in MMR were priced below Rs 1.5 crore, highlighting continued focus on upper-mid-income buyers.
Together, MMR and Bengaluru contributed almost 48% of total housing sales and 53% of all new launches across India’s seven largest residential markets.
“The Middle East war’s impacts on the entire sector were all too obvious. We now have a more balanced housing market where new supply is catching up with absorption as sales growth moderated across most cities,” said Anuj Puri, Chairman, ANAROCK Group.
He added that demand remains driven by premium housing, infrastructure-led locations and cities with strong Global Capability Centre (GCC) employment. However, uncertainty surrounding the IT and ITeS sectors, coupled with rapid advancements in artificial intelligence, has prompted some homebuyers to defer purchasing decisions.
While affordable housing supply remained limited, developers continued expanding premium and luxury offerings, signalling confidence in the long-term outlook. The report suggests that despite short-term headwinds, MMR’s infrastructure growth and employment opportunities continue to support sustained residential demand.
Source: The Times of India
