MMR witnessed 34,555 residential units launched in Q2 2026, up significantly from 28,160 units in Q2 2025. However, actual sales declined to 28,710 units from 31,280 units a year earlier. Total unsold inventory across the region climbed 9% year-on-year to 1,92,285 units by the end of June 2026, signalling that supply is currently outpacing demand.

Mumbai Remains the Clear Anchor

Mumbai city once again proved to be the powerhouse of the MMR market. It accounted for 65% of total launches with 22,360 units introduced in the quarter. Sales in Mumbai stood at 20,210 units, representing over 70% of regional absorption despite an 8% decline from the previous year. The island city also holds approximately 74% of total available inventory with around 1,42,620 units ready for buyers.

Anuj Puri, Chairman of ANAROCK Group, commented: “Despite softer sales, Mumbai continued to command 65% of total supply, and over 70% of total absorption. Total launches across MMR rose 23% annually to 34,555 units, led by Mumbai’s 22,360 units and a standout 54% jump in Navi Mumbai to 8,530 units. Thane also recorded healthy launch growth of 26% to 3,665 units, showing that supply expansion was broad-based rather than concentrated in just one market. Demand, however, did not match this pace.”

Micro-Market Performance

• Navi Mumbai: Emerged as the fastest-growing micro-market in terms of supply. New launches surged 54% year-on-year to 8,530 units. However, sales dropped 13% to 5,355 units, resulting in a sharp 23% increase in available inventory.
• Thane: Recorded a solid 26% growth in launches to 3,665 units. Sales remained relatively stable at 3,145 units, though inventory still rose 15% year-on-year.

The broader trend indicates developers are betting heavily on future demand, especially along key infrastructure corridors, while homebuyers appear to be exercising greater caution — possibly due to higher prices, rising interest rates, or waiting for more completed projects and better deals.

Implications for Homebuyers in Maharashtra

For prospective homebuyers, the rising inventory could translate into more choices, potential negotiations on pricing, and increased focus on ready-to-move or near-completion projects. However, sustained high supply without matching sales may exert pressure on developers to offer attractive payment plans, discounts, or additional incentives in the coming quarters.

The dominance of Mumbai proper highlights continued strong preference for established locations with better connectivity, social infrastructure, and resale potential. Areas in Navi Mumbai and Thane, while seeing aggressive new supply, may offer value opportunities for buyers willing to consider emerging pockets.

This Q2 performance underscores the resilience of MMR’s housing market even amid softening demand. With several major infrastructure projects progressing, including the impact of the Atal Setu corridor, analysts expect the market to regain momentum in the second half of 2026 if interest rates ease and economic sentiment improves.

Also Read: NCR & MMR Housing Prices Surge 49% in 5 Years, Unsold Inventory Plunges

The post MMR Housing Q2 2026: Mumbai Leads 65% Launches But Sales Dip 8% appeared first on Square Feat India.

The report reveals that by the end of 2024, India already had more than 1,700 GCCs employing over 1.9 million professionals, with the GCC market size surging from USD 30 billion in 2019 to approximately USD 64 billion in 2024. By 2030, the market is expected to nearly double to USD 105–110 billion, growing at a CAGR of 10%.

Anuj Puri, Chairman – ANAROCK Group, said: “India’s GCC landscape has expanded rapidly, fuelled by demand from IT/ITeS, BFSI, Healthcare & Life Sciences, and Engineering R&D. The sector’s ability to attract and retain global talent, combined with India’s cost efficiency and skilled workforce, continues to drive demand for premium office spaces. The footprint is now rapidly expanding beyond the top 7 cities into Tier-2 hubs like Jaipur, Indore, Surat, Kochi, and Coimbatore — these cities are emerging as the next big GCC growth frontiers.”

GCCs Power Record Office Leasing in 2025

The report highlights the outsized role GCCs played in India’s office market resilience amid global headwinds:

• In 2025, total gross office leasing across the top 7 cities reached an all-time high of 80.5 million sq. ft. — with GCCs alone accounting for over 32.5 million sq. ft. (more than 40% of total leasing).
• Bengaluru remains the undisputed leader, hosting over 875 GCC centres (29% of India’s total) and capturing more than one-third of the country’s GCC leasing in 2025.
• Pune followed with 15% share, while Delhi-NCR and Hyderabad each contributed 14%.

Grade A Office Stock & Supply Dynamics

• Grade A office stock across the top 7 cities now stands at approximately 800 million sq. ft., with Bengaluru and NCR together accounting for nearly 50% of the total supply.
• New office completions in 2025 exceeded 51 million sq. ft. — an 8% increase over 2024.
• Southern markets (led by Bengaluru, Hyderabad, Chennai) dominated the supply pipeline, contributing around 51% of new additions.
• Net absorption in 2025 crossed 58 million sq. ft., underscoring sustained occupier demand.

Raj Menda, Chairman – FICCI Committee on Urban Development and Real Estate & Chairman of Supervisory Board, RMZ Corp, remarked: “For three decades, India’s office real estate was seen as a cost line to be managed. Today, it is a strategic lever — shaping where global capital flows, where high-value jobs are created, and where India’s young workforce chooses to live. Grade A buildings are no longer just concrete and glass; they are operating systems for productivity, culture, technology, and climate resilience.”

Indian REITs: Still Early Days, Massive Headroom

Despite rapid progress since the first REIT listing in 2019, India’s REIT market remains under-penetrated:

• Five listed REITs have achieved a market capitalization of nearly USD 18 billion.
• REITs currently represent only ~20% of total institutional real estate.
• Out of 520 million sq. ft. of REITable office stock, only about 165 million sq. ft. is listed — leaving significant headroom for institutionalisation.
• Future growth will come from diversification into data centres, logistics parks, and retail malls.
• Residential REITs may take longer due to regulatory and market complexities, but progress is expected over time.
• With policy support and rising institutional participation, REIT penetration could rise to 25–30% by 2030, positioning India among the world’s fastest-growing REIT ecosystems.

Broader Economic & Policy Tailwinds

• FDI inflows rose to a provisional USD 81.04 billion in FY 2024–25 — a 14% increase from USD 71.28 billion in FY 2023–24.
• Demand is diversifying: coworking (23%), BFSI (18%), consultancy, and manufacturing are gaining share alongside IT/ITeS.
• Proactive state-level GCC policies and central government support continue to strengthen India’s position as a preferred global delivery hub.

The Big Picture

India’s office market in 2025 proved remarkably resilient — posting record leasing, strong supply addition, and deepening institutionalisation through REITs. GCCs are no longer just cost centres; they are high-value job engines, talent magnets, and anchors of premium office demand — increasingly spreading to Tier-2 cities and reshaping urban India.

With 2,400+ GCCs and 2.8 million jobs projected by 2030, India is firmly decoding the future of global work and commercial real estate.

Also Read: India to Lead APAC Office Market Growth in 2026 Driven by Strong GCC Demand

The post India’s GCC Boom: 2,400 Centres, 2.8 Million Jobs by 2030 appeared first on Square Feat India.

India’s housing market stands at a critical inflection point. While luxury home sales are breaking records and property prices continue to rise, the foundation of inclusive growth — affordable housing — is steadily eroding. The risk is no longer theoretical. India is fast heading towards a two-tier housing market, where luxury homes flourish while millions of middle- and lower-income households are priced out of ownership altogether.

Union Budget 2026 could prove decisive. Without strong, targeted policy intervention, the affordability gap will only widen, making homeownership increasingly unattainable for a vast section of urban India.

The Market Paradox: Growth That Masks a Crisis

At first glance, residential real estate appears robust. According to ANAROCK Research, the total value of homes sold in 2025 touched nearly ₹6 lakh crore, marking a 6% year-on-year increase. Institutional investments in real estate also surged, reaching USD 8.9 billion in 2024, a sharp 51% rise over the previous year.

However, these headline numbers conceal a deeper structural problem.

While the value of sales rose, the number of homes sold declined by 14% in 2025. The growth is being driven almost entirely by the luxury segment. Luxury housing sales to HNIs, NRIs, and wealthy professionals jumped 170% in 2024, transforming homes into investment instruments and inflation hedges.

Affordable housing, meanwhile, has fallen into a prolonged slump.

Affordable Housing: From Backbone to Bottleneck

Affordable housing’s share of the residential market has plunged from 38% in 2019 to just 18% in 2025, according to ANAROCK Research. This is not a cyclical slowdown but a structural collapse.

In 2018, over 52% of new homes launched in India’s top seven cities were priced below ₹50 lakh. By 2025, that figure has shrunk to just 17%. In metros, homes under ₹50 lakh now account for only one in six new launches.

The consequence is a rapidly widening urban housing shortage. India currently faces a deficit of 9.4 million urban homes, a number that could escalate to 30 million units by 2030 without corrective policy measures.

The Homebuyer Squeeze Is Real

For ordinary households, affordability has deteriorated sharply. The EMI-to-income ratio for homebuyers has risen from 43% in 2020 to nearly 60% today, well above sustainable thresholds. For middle-income families, the ratio has climbed from 28% to 40% over the same period, driven by rising property prices and higher interest rates.

ANAROCK’s latest Consumer Sentiment Survey reveals the scale of the problem. In Bengaluru alone, 42% of prospective buyers seeking homes under ₹1 crore have been priced out, despite demand for budget housing rising 13% year-on-year.

This is not a matter of preference but of compulsion — buyers simply cannot afford what the market offers.

Why Developers Are Abandoning Affordable Housing

The crisis is not demand-driven. It is rooted in the economics of real estate development.

Affordable housing typically offers 10–12% margins, while luxury and premium projects yield 25–30% or more. With land prices soaring, construction costs for steel, cement, and skilled labour remaining elevated, and approval timelines growing longer, affordable projects have become financially unviable.

Developers are responding rationally. Many have rebranded mid-income projects as premium offerings or exited the affordable segment altogether.

Compounding the issue is an outdated policy framework. The current definition of affordable housing — capped at ₹45 lakh, a threshold fixed in 2017 — bears little resemblance to today’s market realities. In Mumbai’s peripheral areas, a modest 600 sq ft apartment now costs ₹60–75 lakh. Pune, Bengaluru, and Delhi-NCR face similar mismatches.

Worse, developers building within this outdated cap are denied critical tax benefits.

The Missing Incentive: Section 80-IBA

The 100% tax holiday under Section 80-IBA, which played a catalytic role between 2016 and 2021, expired four years ago and has not been revived.

During its tenure, Section 80-IBA bridged the margin gap between affordable and mid-income housing, encouraging widespread developer participation. Its absence has sharply curtailed new launches.

Each year without this incentive potentially leaves 1.5 million households unable to transition into formal homeownership, increasing financial exclusion and informal housing growth.

A time-bound revival of Section 80-IBA, applicable to projects approved over a 24–36 month window, would be fiscally defensible and immediately impactful.

Infrastructure: The Silent Catalyst

Where policy has lagged, infrastructure has advanced. Metro rail expansions, expressways, ring roads, airports, and logistics corridors have consistently unlocked new housing markets.

Cities like Bengaluru, Hyderabad, NCR, and Pune demonstrate a clear pattern: infrastructure precedes real estate growth. Improved connectivity opens peripheral areas, attracts developers, and makes housing more affordable through land availability.

Budget 2026 must accelerate last-mile urban infrastructure, particularly metro extensions, suburban rail, and peripheral connectivity, to expand the affordable housing footprint.

Redefining Affordability for Urban India

The ₹45 lakh affordability cap is no longer viable. Budget 2026 should revise these thresholds based on city-specific realities:

• Mumbai & MMR: ₹85 lakh
• Delhi-NCR, Bengaluru, Pune, Hyderabad: ₹75 lakh

These limits reflect actual land and construction costs, not luxury creep. Crucially, carpet area norms must remain unchanged to prevent misuse.

Raising the price cap while retaining size limits could double the affordable housing supply, increasing its share of new launches from 18% to over 40%.

Strengthening Homebuyer Support Through CLSS

The Credit-Linked Subsidy Scheme (CLSS), reintroduced under PMAY-U 2.0, remains underutilized. Budget 2026 should strengthen it by:

• Increasing subsidy rates to offset higher interest costs
• Raising loan limits to ₹8–10 lakh for EWS/LIG and ₹15–18 lakh for MIG
• Simplifying disbursement to ensure faster, frictionless delivery

An annual CLSS outlay of ₹10,000–15,000 crore could support 1.5–2 million first-time buyers over five years — a direct, targeted intervention.

Budget 2026: A Defining Moment

India’s housing market stands at a crossroads. One path leads to deepening inequality — luxury homes for the wealthy and shrinking ownership for the middle class. The other promises balanced, inclusive growth powered by affordable housing, infrastructure, and smart incentives.

The policy tools are known. The need is urgent. Budget 2026 must act decisively, or the cost of inaction will be borne by millions of Indian families locked out of homeownership.

Also Read: 35 Lakh Homes, ₹50 Lakh Crore Investment: Maharashtra Unveils Massive Housing Push for MMR

The post How Budget 2026 Can Revive Affordable Housing in India appeared first on Square Feat India.

H1 2025: Record-Breaking Performance

From January to June 2025, Mumbai clocked 75,672 property registrations as of June 30 noon. This marks a 4% increase compared to 72,491 registrations in the corresponding period of 2024. Revenue collected by the state government from these registrations also reached a peak of INR 6,699 crore, a 14% year-on-year growth from INR 5,874 crore in the same period last year.

Mumbai Property Registrations & Revenue (H1 Comparison)

Source: IGR, ANAROCK Research

June 2025 Trends and Historical Context

June 2025 alone saw 11,211 properties registered by noon, generating INR 1,004 crore in revenue. While registrations for June dipped slightly (about 4% lower than June 2024’s 11,673 deals), revenue held firm, nearly matching last year’s figure with only a 1% decline.

Anuj Puri, Chairman – ANAROCK Group, commented, “June 2025 saw Mumbai notch up its second-highest property registrations for the month in six years, with 11,211 properties changing hands and revenue collections hitting an impressive INR 1,004 crore.” He added, “While registrations dipped slightly – about 4% lower than June 2024’s 11,673 deals – this year’s revenue held firm, matching almost last year’s figure. In fact, June 2025’s revenue was just 1% lower than last year, highlighting the market’s resilience despite a marginal drop in transactions. Mumbai’s real estate continues to deliver strong numbers, even as the pace has cooled a bit.”

June Revenue Trends (2019-2025)

Source: IGR, ANAROCK Research (Note: Only specific years provided in source data)

Sales Volume vs. Registrations: A Paradox Explained

Despite the strong registration numbers, overall housing sales across the Mumbai Metropolitan Region (MMR), including Mumbai City, remained muted in early 2025. ANAROCK Research indicates that Mumbai saw about 189,570 units sold in H1 2025, a 32% drop from the same period last year.

Puri attributes this apparent paradox to a record-breaking March. “Behind this seeming paradox lies a record-breaking March,” Puri stated. “After the announcement of a 3.9% hike in Maharashtra’s ready reckoner rates for FY26, buyers rushed to register properties, resulting in a whopping 15,501 registrations – the highest March tally in three years.” For comparison, only December 2020 (19,581) and March 2021 (17,728) recorded higher numbers, both influenced by COVID-era stamp duty reductions. March 2025 was exceptional, collecting over INR 1,589 crore in revenue from property registrations alone.

Average Ticket Price Indicates High-Value Sales

Further analysis of property registrations and demand trends from January to June 2025 reveals that the average ticket price of homes sold stood at INR 1.60 crore. This is over 3% higher than INR 1.56 crore recorded in H1 2024, and a significant 55% jump from INR 1.02 crore in the corresponding period of 2021. This trend indicates a continued preference for high-ticket priced homes over more affordable ones in the Mumbai market.

Also Read: Mumbai Real Estate Market Updates

The post Mumbai Property Registrations Reach All-Time High in First Half of 2025 appeared first on Square Feat India.

Affordable housing, once the darling of India’s real estate sector, is now languishing in the shadows. Just a few years ago, it was a key focus area for developers and the government alike. Smaller unit sizes and government incentives under the ‘Housing for All’ program made this segment the cornerstone of India’s housing narrative. Yet today, affordable housing is grappling with declining supply and demand.

The numbers tell the story. In 2018 and 2019, affordable housing constituted nearly 40% of total residential supply across major cities like Pune, Kolkata, Chennai, and NCR. However, its share shrank to a mere 16% in 2024. This stark decline underscores the urgent need for a policy-driven revival, with the Union Budget 2025-26 serving as a potential turning point.

Pandemic and Changing Buyer Preferences

The COVID-19 pandemic drastically altered homebuying preferences in India. Post-pandemic, buyers began prioritizing larger, multifunctional homes with lifestyle amenities. Compact homes, once the backbone of affordable housing, lost their appeal as people sought spaces that could double as residences and workplaces.

At the same time, the segment’s primary customer base—blue-collar workers and early-career professionals—found themselves cash-strapped. For many, homeownership was replaced by the immediate need for affordable rentals, especially as businesses resumed in-office work.

Supply Shrinking Across Cities

The dwindling interest in affordable housing has forced developers to pivot to more profitable ventures. Rising input costs for land, labor, and materials have further eroded margins, making affordable housing a less attractive proposition. Consequently, developers have shifted focus to larger units with lifestyle amenities, which continue to sell well.

According to ANAROCK research, cities like Bangalore, Chennai, and Hyderabad have seen a sharp decline in affordable housing supply. In 2024, Bangalore reported no new supply in this segment, while Hyderabad and Chennai recorded just 2%. The only cities showing significant activity are Kolkata and MMR, with 31% of their upcoming supply priced under INR 40 lakh.

NCR, which once led the affordable housing segment with a 62% share in 2020, saw its share plunge to just 11% in 2024. Meanwhile, the region has shifted its focus to high-end and luxury housing, with residential sales valued at INR 90,000 crore in 2024—a 32% increase from the previous year.

The Role of PMAY

The Pradhan Mantri Awaas Yojana (PMAY – Urban) has been a cornerstone of the government’s affordable housing initiative. Since its launch in 2015, over 118.64 lakh homes have been sanctioned, with 90.22 lakh units completed as of January 2025. Central assistance of INR 2 lakh crore has been committed to date.

Despite its progress, PMAY faces challenges that need urgent attention. The lack of proper land records continues to hinder eligibility for subsidies. Additionally, the adoption of new, cost-effective construction technologies could help fast-track mass housing projects.

As the Union Budget 2025-26 approaches, it is anticipated that PMAY will receive renewed focus. Creative solutions and decisive policymaking could reinvigorate this flagship program, bringing affordable housing back into the spotlight.

Hope for a Revival?

The tapering demand for luxury housing could pave the way for a resurgence in affordable housing. Rising costs in the luxury segment may lead to a natural correction, creating opportunities for affordable housing to regain its footing.

Budget 2025-26 could play a decisive role in this revival. Substantial announcements aimed at revitalizing the affordable housing sector—be it through incentives, subsidies, or infrastructure support—could set the stage for growth.

A balanced housing market is one that caters to all segments of society, not just the affluent. Affordable housing remains crucial to addressing the needs of India’s growing population and ensuring equitable urban development.

The upcoming budget could well determine whether the affordable housing segment stages a comeback—or continues to be an afterthought in India’s real estate story.

Also Read: affordable homes in Maharashtra

The post Affordable Housing Crisis: Will Budget 2025-26 Turn the Tide? appeared first on Square Feat India.

Focus on Infrastructure and Economic Growth
Despite declining real estate activity in the second half of 2024, the sector anticipates the government will prioritize robust infrastructure development, a long-term driver for real estate growth. The budget is also expected to include measures to stabilize the economy and enhance GDP growth, with a focus on supporting SMEs, MSMEs, job creation, and skilling initiatives.

Affordable Housing in Need of Revival
Affordable housing, a once-thriving segment, has struggled post-pandemic, with its sales share in the top seven cities dropping to 18% in 2024 from over 38% in 2019, according to ANAROCK Group data. The supply of affordable homes has also declined significantly.

To address these challenges, industry experts are calling for targeted government intervention, including:

• Reintroducing the Credit-Linked Subsidy Scheme (CLSS): This scheme, which expired in 2022, provided financial incentives for first-time buyers of affordable homes. Its revival could stimulate demand in this segment.
• Restoring the 100% Tax Holiday for Developers: Developers previously benefited from tax exemptions under Section 80-IBA of the Finance Act, 2016, which helped increase affordable housing supply. Reinstating this provision could boost developer interest in such projects.
• Revising Affordable Housing Criteria: Current definitions of affordable housing, particularly the price cap of INR 45 lakh, are considered outdated in high-cost markets like Mumbai. Experts suggest raising the price cap to INR 85 lakh in Mumbai and INR 60-65 lakh in other metros to reflect market conditions.

The Road Ahead
ANAROCK Group Chairman Anuj Puri noted that centrally controlled land managed by agencies such as Indian Railways and the Port Trusts could be released for affordable housing projects, addressing land scarcity issues.

The slowdown in 2024 saw housing sales in the top seven cities decline by 4% to approximately 4.46 lakh units, while new launches dropped by 7% to around 4.13 lakh units. However, stakeholders believe that with the right incentives, 2025 could mark a turnaround for the residential real estate market.

The Union Budget 2025-26 holds the potential to reinvigorate the sector, fostering growth and ensuring housing remains affordable for all.

Also Read: Nirmala Sitharaman to present the union budget

The post Real Estate Sector Pins Hopes on Union Budget 2025-26 for Revival Measures appeared first on Square Feat India.

In a robust post-pandemic environment, six developers have collectively raised INR 5,275 crore via Initial Public Offerings (IPOs) since 2021, with Macrotech Developers (Lodha) leading the pack at nearly INR 2,500 crore.

Record Launch and Sales Growth

The recovery in residential real estate has prompted a surge in new project launches, with approximately 13.62 lakh units introduced across the top seven cities from 2021 to September 2024. Concurrently, housing sales reached about 14.36 lakh units, contributing to a 10% reduction in unsold inventory in the same period, despite a significant increase in supply.

Anuj Puri, Chairman of ANAROCK Group, highlighted the importance of QIP activity, stating, “The real estate sector’s contribution to QIP issuance reflects the growing confidence of institutional investors in Indian real estate.”

Driving Factors Behind QIP and IPO Activity

Several factors are fueling this upward trend in the sector:

1. Improved Transparency: Legislative measures like the Real Estate (Regulation and Development) Act (RERA) and the implementation of Goods and Services Tax (GST) have enhanced transparency, instilling confidence in investors and homebuyers.
2. Strong Post-Pandemic Recovery: Grade A developers are capitalizing on the heightened demand for quality residential projects, resulting in a rapid absorption of available inventory. By September 2024, the inventory overhang was at its lowest in 14 months.
3. Surge in Residential Sales Value: In the first nine months of 2024, residential sales value soared to INR 4.2 lakh crore, a remarkable 22.6% increase from the previous year and a 115% jump from 2021 figures.
4. Nifty Realty Index Performance: The Nifty Realty Index has gained nearly 250% from January 2021 to September 2024, reflecting strong investor confidence in the sector.
5. Institutional Investor Confidence: The unprecedented QIP issuances in real estate this year signify renewed faith from institutional investors.

As developers continue to seek funding through QIPs and IPOs to meet rising demand and expand their portfolios, experts anticipate increased investor participation in the real estate sector in the coming years.

Also Read: Oberoi Realty Reports Strong H1FY25 and Q2FY25 Results: Booking Value at ₹2,509.45 Crores; PBT Rises to ₹1,557.50 Crores

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Much against general expectations, the RBI decided to keep the repo rates unchanged at 6.5% today. This is indeed good for the residential real estate market, which faces a tough road ahead amid massive layoffs by large corporates the world over. India is not decoupled from global economic dynamics and their invariable impact on the housing uptake here. The RBI’s decision to keep the repo rates unchanged comes as a welcome respite to homebuyers.

This particularly gives relief to affordable and mid segment homebuyers who feared a possible rate hike today, making property buying via home loans even harder. As is, affordable housing has been under stress since the pandemic. This segment (units priced

But in 2022, out of the total 3,64,880 units sold across the top 7 cities altogether, about 26% were in the affordable category. There has been a further dip in overall sales share in Q1 2023, as well. Out of total 1.14 lakh units sold in the top 7 cities in Q1 2023, affordable housing comprised just 20% share (or. approx. 23,110 units sold).

It bears keeping in mind that after the remarkable performance in Q1 2023, the housing market is now staring at major headwinds with layoffs, rising property prices, etc. which will pose a challenge in the short-term. The respite of home loan rates remaining unchanged is therefore very welcome.

Also Read: CREDAI Urges RBI to Maintain Repo Rate amid Increasing Construction Costs and Rising Housing Prices

The post <em>Unchanged Repo Rates A Boon for the Housing Market</em> appeared first on Square Feat India.

• Of total 1.14 lakh units sold across top 7 cities in Q1 2023, approx. 24% were in the high-ticket segment priced >INR 1.5 Cr
• Quarterly sales numbers at all-time high; annually, top cities register over 14% Y-o-Y rise in sales against 99,550 units sold in Q1 2022
• MMR & Pune account for 48% of total sales; Pune records 42% yearly jump
• New launches also breach the one lakh mark, rise 23% Y-o-Y – from 89,140 units in Q1 2022 to approx. 1.10 lakh units in Q1 2023
• MMR & Pune account for 52% of total launches in top cities; Hyderabad only city to see new supply dip in quarter (by 32% yearly)
• Mid-segment homes priced INR 40 – 80 lakh continue to dominate new supply with 36% share, followed by premium (INR 80 lakh – INR 1.5 Cr) & affordable segments (
• Despite surge in new supply, available inventory in top 7 cities remained the same at 6.27 lakh units; NCR witnessed highest yearly inventory decline of 22%
• Avg.  property prices in top 7 cities see 8% yearly rise – Bangalore & MMR record highest 9% increase each