Property Market Slows: Price Hikes Hit 'Brake' in Top 7 Cities, Sales Down

• Property price increases in India's top 7 cities have slowed significantly, with a marginal 2% rise in Jan-Mar 2026.
• Home sales in these major cities declined by 7% compared to the same quarter last year, as buyers held back.
• The ongoing military conflict in West Asia, particularly between the US and Iran, is cited as a major reason for buyer hesitancy.
• Delhi-NCR saw a 3% price increase to Rs 9,620 per sq ft, while Mumbai Metropolitan Region (MMR) rose to Rs 17,600 per sq ft.
• Bengaluru, Pune, Chennai, and Kolkata also experienced modest price increases, but overall sales volume and value declined.