India, Aug. 19 -- Housing sales across the top six cities declined 6.1% year-on-year, driven by a sequential moderation due to seasonal factors ahead of the monsoon and heightened buyer caution amid the US-Iran war. The impact was sharper in technology-driven markets such as Bengaluru, Pune and Hyderabad, where AI-led workforce restructuring and tech-sector layoffs affected housing demand, particularly in the sub- Rs.1 crore segment, according to PropTiger's latest Real Insight Residential report.

A total of 91,729 homes were sold across the country's top eight cities in Q2, down from 97,674 units a year earlier and 4.4% from the preceding quarter. New launches, however, rose 6% year-on-year to 89,161 units as sales continued to outpace ...