Housing gross sales in prime 9 cities dip 13% in Jan-Mar, fall beneath 1 lakh unit after 18 quarters: PropEquity
Actual property analysis agency PropEquity on Monday identified that the gross sales have fallen beneath 1 lakh items mark after 18 quarters. The 9 main cities are Delhi-NCR, Mumbai, Navi Mumbai, Thane, Bengaluru, Pune, Hyderabad, Chennai and Kolkata.
As per the information, housing gross sales fell 13 per cent to 98,761 items throughout January-March this yr in comparison with 1,13,602 items within the year-ago interval. The overall gross sales in these 9 cities declined 6 per cent from 1,05,527 items within the earlier quarter (October-December 2025).
Samir Jasuja, Founder & CEO of PropEquity stated, “Housing gross sales continued to reasonable within the first quarter of 2026 with Delhi-NCR and Bengaluru rising as outliers. This discount is on account of low provide throughout most cities. Near 22,000 lesser items have been provided in Q1 2026 as in comparison with the identical interval final yr.”
New provide fell 19 per cent to 92,411 items throughout January-March interval from 1,14,718 items within the corresponding interval final yr. The launches dipped 8 per cent from the previous quarter which noticed new provide of 1,00,525 items.
Though PropEquity has not talked about the explanation for fall in launches this quarter, trade consultants stated the continuing West Asia battle has affected shopping for sentiment
In response to the PropEquity datahousing gross sales in Bengaluru rose 3 per cent to 17,991 items throughout January-March 2026 from 17,508 items within the year-ago interval. In Delhi-NCR, housing gross sales elevated 13 per cent to 12,141 items from 10,723 items.
Nevertheless, housing gross sales in Chennai fell 4 per cent to 4,765 items from 4,959 items.
Hyderabad noticed a 16 per cent decline in gross sales to 11,546 items from 13,725 items.
Gross sales of residential properties in Mumbai fell 20 per cent to 9,186 items from 11,453 items.
Navi Mumbai witnessed a 14 per cent fall to 7,157 items from 8,340 items, whereas Thane noticed a 24 per cent decline to fifteen,959 items from 21,025 items.
In Pune, the gross sales fell 25 per cent to 16,144 items from 21,640 items.
Lastly, the housing gross sales in Kolkata declined 8 per cent to three,872 items throughout January-March interval from 4,229 items within the year-ago interval.
On the gross sales information, Bhavesh Kothari, Founder and CEO of Property First Realty, stated Bengaluru’s dominance because the highest-selling housing market underscores the town’s robust fundamentals pushed by its thriving tech ecosystem, regular job creation, and sustained demand from each end-users and traders.
Bengaluru-based Sanjeevini Group Chairman and Founder Umesh Gowda H A stated the regular improve in provide within the IT metropolis stays well-aligned with the demand, reflecting builders’ prudent and market-responsive pricing methods.
PropEquity, which is a part of listed entity P E Analytics Ltd, tracks greater than 1,80,000 tasks by 60,000+ builders throughout 50+ cities. It gives information primarily to institutional traders, banks, NBFCs, personal fairness funds and actual property builders.
