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India's top seven housing markets saw a muted 2 per cent growth in average prices during January-March against the previous quarter as sales fell amid negative consumer sentiments because of the West Asia conflict, according to Anarock. Real estate consultant Anarock data showed that the average housing prices across seven major cities rose to Rs 9,456 per square feet in January-March from Rs 9,260 per square feet in the preceding quarter. On an annual basis, the prices rose 7 per cent from Rs 8,868 per square feet in January-March 2025. Anarock tracks primary (first sale) housing markets of seven cities -- Mumbai Metropolitan Region (MMR), Delhi-NCR, Bengaluru, Pune, Hyderabad, Chennai and Kolkata. Anarock pointed out that housing sales across these seven cities fell 7 per cent in volume terms and 6 per cent value-wise during January-March 2026 from the previous quarter. This kept prices under check to a large extent. As per the data, the average housing price in Delhi-NCR ...
Housing sales in Delhi-NCR declined 17 per cent quarter-on-quarter to nearly 16,000 units in the January-March period amid negative sentiments due to the West Asia conflict, according to Anarock. However, the demand rose 44 per cent on an annual basis following the low base effect. Real estate consultant Anarock data showed that housing sales in Delhi-NCR stood at 15,985 units during the current January-March period, down 17 per cent from 19,250 units in the previous quarter. Sales in Delhi-NCR increased 44 per cent from 11,120 units in the January-March period of the last year. Anarock Chairman Anuj Puri noted that the long-term fundamentals of India's residential segment remain strong, but the "short-term tremors of the Iran War were clearly visible in the first quarter". He pointed out that the war-induced uncertainty has affected buying sentiments, particularly in March, resulting in a 7 per cent decline in sales across seven major cities during the January-March period of thi
Housing sales rose 9 per cent annually to over 1.01 lakh units in January-March across top-seven cities on low-base effect but fell 7 per cent from the previous quarter amid global economic uncertainties due to the West Asia conflict, according to Anarock. Sales increased to 1,01,675 units during the current quarter from 93,280 units in the year-ago period. Real estate consultant Anarock said the sales in value terms grew 6 per cent to Rs 1.51 lakh crore during the January-March period from Rs 1.42 lakh crore in the corresponding period of the preceding year. Anarock, however, pointed out that housing sales fell 7 per cent in volume terms and 6 per cent value wise from the previous quarter because of West Asia conflict. In the fourth quarter of the last calendar year, 1,08,970 units were sold for Rs 1.60 lakh crore. Anuj Puri, Chairman of Anarock Group, said, "While India's residential segment's long-term fundamentals remain strong, the short-term tremors of the Iran War were clea
India's tier II-III cities are expected to drive the next cycle of growth in the housing market as demand in big cities has been affected due to a surge in home prices post-COVID pandemic, according to Square Yards. Real estate consultant Square Yards has come out with a report 'India's Next Real Estate Growth Cycle: The Rise of Tier-2 and Tier-3 Cities', which pointed out that affordability to buy homes across major cities have been impacted badly because of a huge price rally during 2022-24. Limited new supply of affordable and mid-income homes in the seven major cities -- Mumbai Metropolitan Region, Pune, Bengaluru, Delhi-NCR, Hyderabad, Chennai and Kolkata -- has made matters worse. "India's residential market is entering a structurally distinct phase. The post-pandemic premium cycle that powered accelerated price appreciation across metro markets is now showing signs of stabilisation," the report pointed out. In several tier-1 corridors, Square Yards said, the price growth has
Listed realty firm TARC Ltd is expecting a total revenue of around Rs 4,500 crore from its ongoing ultra-luxury housing project in the national capital amid strong demand and limited supply, a top company official said. Delhi-based TARC Ltd had in 2024 launched a super luxury residential project 'TARC Kailasa', spread over 6 acre land, at Kirti Nagar in the national capital. "We have sold around 275 units across four towers and are now launching a fifth tower comprising 110 units for sale," TARC MD and CEO Amar Sarin said. The company will sell apartments in the price range of Rs 11-14 crore per unit in the newly launched tower. Sarin said the company would develop 17 lakh square feet area in this project. Asked about the project cost, Sarin said the total investment would be around Rs 1,500 crore, excluding land cost. "The construction work is undergoing. We have already invested around Rs 250 crore on this project," he added. The construction cost would be met through interna
Union Housing and Urban Affairs Minister Manohar Lal on Monday said the Centre will consider a suggestion to set up an inquiry for non-allotment of around 48,000 flats constructed in the national capital for the poor under Jawaharlal Nehru National Urban Renewal Mission (JNNURM). Replying to a supplementary during Question Hour in the Rajya Sabha, the minister said flats in Delhi were constructed in 2012 under the JNNURM scheme, with the support of both the central and state government. Lal said he was "astonished" that these homes were not allotted to the poor by the then Delhi government under Aam Aadmi Party (AAP). He said the conditions of the remaining flats, nearly 48,000 units, have become worse and some are not even livable. The minister was replying to a question by Rajya Sabha Member Swati Maliwal, who said that only 4,871 flats were allotted to the poor out of the total 52,344 flats constructed. Maliwal accused the then AAP government in Delhi for not allotting these fl
