Enquiries dip for residential units

Buyer sentiment subdued due to West Asia conflict, IT layoffs

- RAGHAVENDRA KAMATH

THE WEST ASIA conflict, layoffs in the IT sector and sustained price increases are beginning to weigh on residential property demand, with developers and consultants reporting a visible slowdown in buyer activity across key cities.

Walk-ins and enquiries have declined as prospective buyers defer purchase decisions amid heightened uncertainty. Enquiries have dropped 10-15% in several markets, with the National Capital Region seeing a sharper fall of 30-40%, said Sarthak Seth, head of sales and marketing at Tata Realty & Infrastructure.

"Sales had slowed even before the West Asia conflict. After the war, along with AI-led disruption, dollar and inflation concerns, only end-users and seasoned investors are active," Seth said, adding that premium and luxury segments remain relatively resilient.