Housing Sales Dip 7% in Q1 2026 Amid War Uncertainty; Inventory Crosses 6 Lakh Units

• India's top 7 cities saw housing sales fall 7% sequentially in Q1 2026 to 1,01,675 units, valued at Rs 1.51 lakh crore.
• The decline is attributed to geopolitical tensions, specifically the Middle East conflict, impacting buyer sentiment and input costs.
• Despite the quarterly dip, sales rose 9% year-on-year, indicating underlying demand strength.
• New housing launches increased 2% quarter-on-quarter and 26% year-on-year, outpacing sales and reversing post-pandemic trends.
• Unsold inventory across top cities rose 4% sequentially and 7% annually, exceeding 6.01 lakh units; property prices continued to increase.