Homebuyers Are Waiting as Housing Sales Fall Across Major Cities
New Delhi, August 22, 2026: India’s housing market is seeing a shift in buyer behaviour as sales across eight major cities fell 6% to 91,729 units in Q2 2026, according to PropTiger’s latest Real Insight report.
The decline was recorded in six major markets, including Delhi-NCR, Mumbai, Bengaluru, Pune, Ahmedabad and Kolkata. For homebuyers, the slowdown could mean more time to compare projects and negotiate, although property prices have remained relatively firm.
Delhi-NCR Housing Sales Drop 7%
Delhi-NCR recorded 9,352 housing sales, down 7% from 10,051 units in Q2 2025.
Pune saw a sharper 21% decline, while Ahmedabad sales fell 20%. Bengaluru and Kolkata both recorded a 9% decline.
The trend suggests buyers are becoming more cautious about taking on large property commitments amid affordability concerns and wider economic uncertainty.
Hyderabad and Chennai See Strong Demand
The market was not weak everywhere.
Hyderabad recorded a 15% rise in sales to 13,196 units, while Chennai posted the strongest growth among the eight cities, with sales jumping 36% to 7,183 units.
This shows that property demand is increasingly dependent on local factors such as employment, infrastructure, affordability and the availability of suitable projects.
New Supply Still Rising
Despite weaker sales, developers launched 89,161 new housing units, up 6% from the previous year.
For buyers, this creates an important opportunity to compare more projects before making a decision. However, the availability of new supply does not mean prices will automatically fall.
What This Means for Homebuyers
The current market may favour buyers who are willing to research and negotiate instead of rushing into a purchase.
Buyers should compare the property's price with nearby projects, check the developer's track record, calculate the EMI comfortably and look for projects where developers have higher inventory.
Grihik Angle
The latest numbers don't necessarily signal a property crash. Instead, they show that homebuyers are becoming more selective.
For someone planning to buy a home, this could be the right time to slow down, compare options and negotiate — particularly in markets where sales have weakened. The best opportunity may not be the cheapest property, but the right property at the right price and with manageable EMI.