MMR still leads India on housing sales even as second-quarter volumes slip 8 per cent

Housing sales across India's top seven cities fell about 6 per cent in the April-June quarter while new launches rose about 7 per cent, according to consultancy ANAROCK. The Mumbai Metropolitan Region remained the single largest market, with roughly 28,710 units sold against 31,275 in the same quarter of 2025 - a decline of about 8 per cent year-on-year and 12 per cent against the previous quarter.

Supply moved the other way. MMR saw about 34,555 units launched in the quarter, roughly 23 per cent higher than a year earlier though about 14 per cent lower sequentially. MMR and Bengaluru together accounted for close to 48 per cent of national sales and 53 per cent of new launches. Consultants attributed softer buyer sentiment in part to uncertainty from the West Asia conflict and the resulting supply-chain disruption.

Launches running ahead of sales is how unsold inventory accumulates, and the composition of that supply is tilting upward. Homes priced between Rs 80 lakh and Rs 1.5 crore made up the largest share of new launches at 27 per cent, the Rs 1.5-2.5 crore band another 25 per cent, and units above Rs 2.5 crore a further 22 per cent. Affordable housing was just 6 per cent of new supply.

For MMR buyers that means widening choice in the premium bands and continued thinning of options below Rs 80 lakh. A single soft quarter does not make a trend, particularly against a high base. Registration volumes over the next two quarters will show whether the launch surge finds buyers or simply sits.