MMR home sales slip 8% in April–June as India's housing market cools

Housing sales across India's seven biggest markets fell 6% year-on-year to 90,715 units in the April–June quarter, property consultancy Anarock said on June 29 — its weakest quarter since early 2023. In the Mumbai Metropolitan Region, the country's largest market by value, sales slipped 8% to 28,710 units from 31,275 a year earlier, while neighbouring Pune dropped a steeper 15%.

The slowdown was uneven. Bengaluru, Hyderabad and Kolkata posted modest gains, and developers stayed bullish, launching about 1.06 lakh units nationwide, up 7%. Average prices rose 7% over the year. Anarock chairman Anuj Puri linked the softer demand to the Middle East conflict and AI-driven uncertainty in the IT sector, which he said had pushed more buyers "onto the fence." A separate report by PropEquity recorded a rise in sales for the same period — a reminder that these counts vary by methodology.

For MMR, the figures point to a maturing cycle rather than a downturn. Demand is concentrating in premium projects, jobs-rich corridors and infrastructure-led pockets, even as affordable supply thins — homes under ₹75 lakh have all but disappeared from new launches.

With prices still firming as volumes ease, the coming quarters will test whether the region's mid-income buyers re-enter or keep waiting for value.