Housing Sales Cross 1 Lakh Units Amid West Asia Tensions

Housing sales cross 1 lakh units amid West Asia Tensions as India’s top seven cities recorded a year-on-year increase of 9% during the January–March 2026 quarter, reaching 1,01,675 units, according to Anarock.

This growth was largely driven by a lower base in the same period last year, when sales stood at 93,280 units.

In value terms, residential sales rose to approximately INR 1.51 lakh crore, a 6% increase from INR 1.42 lakh crore during the corresponding period in 2025, highlighting sustained demand in mid and premium segments of major urban markets.

Key Highlights

• Housing sales in top 7 cities reached 1,01,675 units in Q1 2026, up 9% YoY
• Residential market value rose to INR 1.51 lakh crore, reflecting strong demand
• West Asia conflict and rising oil prices impacted buyer sentiment and international investment

Also Read: Housing Sales Vol. Falls 14% YoY in 2025, Sales Value Rises 6%

Despite annual growth, the sector experienced a quarter-on-quarter slowdown. Housing sales fell 7% in volume and 6% in value compared to the previous quarter, when 1,08,970 units were sold with a total value of INR 1.60 lakh crore.

Anuj Puri, Chairman of Anarock Group, noted that while India’s long-term residential outlook remains stable, short-term disruptions were visible due to the ongoing West Asia conflict. Uncertainty stemming from Iran-related tensions negatively affected buyer sentiment, particularly at the quarter’s end.

Rising oil prices and higher construction costs in March added pressure on developers and homebuyers. Furthermore, a section of international investors, especially from the Middle East, temporarily paused their investments in Indian real estate due to global volatility, moderating sales.

India’s housing market has experienced a strong recovery in recent years, driven by end-user demand, improved affordability, and renewed interest in homeownership post-pandemic.

Also Read: Q3 2025 Housing Sales Down 9 Percent But Value Rises 14 %

However, external factors such as geopolitical tensions, inflation in construction materials, and interest rate movements continue to influence short-term performance.