India, April 7 -- Housing sales across India's top eight cities moderated by 4% year-on-year in Q1 2026 to 84,827 units, down from 88,361 units in the same period last year, according to Knight Frank. The dip signals early signs of recalibration amid global uncertainties, including geopolitical tensions such as the US-Iran conflict, following a prolonged period of strong growth.

Sales declined in key markets, including Mumbai (down 7% to 23,185 units), Delhi-NCR (down 11% to 12,734 units), and Pune (down 11% to 12,711 units). In contrast, demand remained resilient in Bengaluru (up 5% to 13,092 units), Hyderabad (up 1% to 9,541 units), and Chennai (up 9% to 4,763 units), with additional growth seen in Ahmedabad and Kolkata.

New supply al...