Surging prices drag housing sales down

RESIDENTIAL PROPERTY SALES in the country's top seven markets fell for the fourth quarter in a row in April-June, recording a 20% decline year-on-year, primarily due to rising prices, according to a report released on Thursday.

- RAGHAVENDRA KAMATH

The India-Pakistan conflict after the Pahalgam terrorist attack also contributed to the weak demand scenario, the report said.

Residential sales declined to about 96,285 units in the April-June quarter as against nearly 1,20,335 units in the year-ago period, Anarock Property Consultants said in its report.

However, housing sales rose 3% sequentially. Housing sales had fallen 28% year-on-year (y-o-y) in January-March 2025. The last time housing sales grew was in April-June 2024.

Hyderabad and Pune saw the highest fall in sales at 27% in April-June 2025, while Mumbai Metropolitan Region (MMR) saw a 25% drop in sales.