Hyderabad home sales decline in January–March quarter
HYDERABAD: Home sales across India’s top nine cities, including Hyderabad, decline 13 per cent year-on-year to 98,761 units in the January–March quarter of this year.
This is the first time in 18 quarters that quarterly sales fall below one lakh units. Sales stood at 1,13,602 units in the same period last year and 1,05,527 units in the previous quarter.
A property consultancy said the West Asia crisis impacted buyer sentiment. Reduced new supply also contributed to the decline.
Except for Delhi National Capital Region and Bengaluru, all major cities report lower sales.
Hyderabad records sharp drop in quarterly sales
Hyderabad records sales of 11,546 units in the first quarter. This is a 16 per cent decline compared to 13,725 units in January–March 2025.
Bengaluru and Delhi NCR show growth
Bengaluru reports 17,991 units sold in the first three months, up 3 per cent from 17,508 units a year ago.
Delhi National Capital Region records 12,141 units, a 13 per cent increase from 10,723 units last year.
Other cities see decline in housing demand
Chennai records a 4 per cent decline with 4,765 units sold.
Mumbai sees a 20 per cent drop to 9,186 units.
Navi Mumbai records 7,157 units, down 14 per cent.
Thane reports 15,959 units, a 24 per cent decline.
Pune records 16,144 units, down 25 per cent from 21,640 units last year.
Kolkata registers 3,872 units, a decline of 8 per cent.
New supply also declines significantly
New housing supply stands at 92,411 units in the January–March period. This is a 19 per cent drop compared to 1,14,718 units in the first quarter of 2025.
