New Delhi, Oct. 27 -- India's housing sector is likely to face continued pressure on sales volumes in CY26, meanwhile luxury housing sales are expected to moderate, leading to a "buildup of inventory" in this segment, according to a report by Nuvama.

As per Nuvama, this pressure will likely come on the back of declining home affordability, limited availability of mid-income housing and weak job creation.

The brokerage noted in its report that housing sales declined 3 per cent year-on-year (YoY) and 17 per cent month-on-month (MoM) in September 2026. This was driven by a 16 per cent YoY drop in Chennai, 9 per cent in Pune, and 24 per cent each in the Mumbai Metropolitan Region (MMR) and Hyderabad.

However, "The NCR and Bengaluru were th...