Housing Sales Dip Below 1 Lakh Units for First Time in 18 Quarters on Weak Supply

• India's top nine cities saw housing sales drop below 1 lakh units in Jan-Mar 2026, a first in 18 quarters.
• Sales declined 13% YoY and 6% QoQ to 98,761 units, primarily due to supply constraints.
• New launches also fell sharply by 19% YoY and 8% QoQ to 92,411 units, indicating a broader market slowdown.
• Bengaluru and Delhi-NCR bucked the trend, showing growth in sales and launches respectively.
• The market appears to be entering a consolidation phase after a post-pandemic recovery, with supply dynamics playing a crucial role.