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Real estate

Housing Sales Fall 6% as Pune, Chennai and Kolkata See Sharp Decline

about 3 hours ago · Lumic

Graphic showing declining housing sales in India with specific city percentage drops.
Lumic
about 3 hours ago
Housing Sales Fall 6% as Pune, Chennai and Kolkata See Sharp Decline
REAL ESTATE
Around 1.03 lakh homes were sold across nine cities, down from 1.09 lakh a year earlier
Pune sales fell 16%, while Chennai and Kolkata recorded sharper 17% declines each
Hyderabad and Navi Mumbai bucked the trend, with sales rising 11% and 12% respectively
LUMIC INSIGHT
Festive demand will show if the housing slowdown is temporary
Trak in·about 3 hours ago

This Lumic Fin Shorts piece delves into the latest trends in India's real estate market, noting a 6% dip in housing sales across nine major cities during Q3 2026. While nationwide residential property sales saw a slight downturn, the impact was most pronounced in key markets like Pune, Chennai, and Kolkata, which experienced significant drops of 16% and 17% respectively. This analysis examines the overall housing demand and its fluctuations. However, the story also highlights pockets of growth, with Hyderabad and Navi Mumbai showing robust increases in home sales, up by 11% and 12% each. We look at what this means for the broader Indian property market and whether festive season demand will reignite sales momentum.

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