Housing Sales Fall 6 percent Across 9 Major Indian Cities in Q3

Housing sales across nine major Indian cities fell 6% year-on-year to 1,03,170 units in the July-September quarter of 2026, as subdued demand and lower fresh supply weighed on the residential market, according to real estate data analytics firm PropEquity.

The cities covered in the data are Mumbai, Navi Mumbai, Thane, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Pune and Kolkata. Sales stood at 1,09,420 units in the corresponding quarter last year.

Fresh housing supply also declined. Developers added 98,165 units during the quarter, compared with 1,00,330 units a year earlier. On a quarter-on-quarter basis, new supply was down 15% from 1,15,010 units in the April-June quarter, according to PropEquity data reported by Moneycontrol.

The slowdown was not uniform across markets. Chennai and Kolkata recorded the sharpest year-on-year declines, with sales falling 17% in both cities. Chennai sales dropped to 4,680 units from 5,640 a year earlier, while Kolkata fell to 3,860 units from 4,640.

Pune also saw a significant decline, with sales falling 16% to 17,860 units from 21,190. Thane recorded an 11% drop to 16,230 units, while Mumbai declined 8% to 9,830 units. Delhi-NCR sales fell 12% to 8,090 units.

Some markets moved against the broader trend. Navi Mumbai recorded 12% growth, with sales reaching 9,810 units. Hyderabad sales rose 11% to 15,470 units, while Bengaluru posted a modest 1% increase to 17,340 units.

PropEquity attributed the broader slowdown to subdued demand, lower fresh supply and global economic uncertainties that affected homebuying sentiment. The July-September period is also typically slower for residential sales because of the monsoon season, while activity tends to improve in the October-December quarter as festive demand picks up.

The supply figures offer another part of the picture. Across the nine markets, sales remained higher than fresh launches during the quarter, suggesting that developers were adding fewer homes even as buyers continued to purchase more than one lakh units collectively. Moneycontrol reported that the gap between sales and new supply was nearly 5,000 units.

The coming festive quarter will therefore provide a clearer indication of whether the July-September slowdown was largely seasonal or reflects a broader moderation in housing demand.

Sources https://www.moneycontrol.com/news/business/real-estate/housing-sales-fall-6-in-top-9-cities-as-new-supply-contracts-15-propequity-14038837.html

https://timesofindia.indiatimes.com/real-estate/news/housing-sales-slipped-6-in-top-indian-cities-during-jul-sep-quarter-report/articleshow/134505042.cms

https://www.business-standard.com/industry/news/housing-sales-fall-6-to-103k-units-across-top-9-cities-in-q3-propequity-126092600309_1.html

https://m.economictimes.com/industry/services/property-/-cstruction/housing-sales-drop-6-in-jul-sep-across-top-9-cities-to-1-03-lakh-units-on-slow-demand-propequity/articleshow/134498759.cms