Real Estate News: The Middle East war has impacted the real estate industry. According to a report by Anarock, housing sales declined by 7 per cent on a quarterly basis in the fourth quarter (January-March) in the top seven cities.
On an annual basis, the housing sales, however, grew by 9 per cent in the 7 cities, said the Anarock report. The report said that sales increased to 1,01,675 units in the current quarter, compared with 93,280 units sold in the same quarter of the last year.
The 7 cities are: Delhi-NCR, Bengaluru, Pune, Mumbai Metropolitan Region (MMR), Hyderabad, Chennai and Kolkata.
Anarock report said that the fall in housing sales was affected mainly by the global economic uncertainties triggered by the Middle East war.
As per the Anarock report, the sales in value terms grew 6 per cent to Rs 1.51 lakh crore in January to March period. The same figure stood at Rs 1.42 lakh crore in the same quarter a year ago.
In terms of volume, the sales dropped by 7 per cent and 6 per cent value wise.
The Anarock report mentioned that in the fourth quarter of the last calendar year 2025, 1,08,970 units were sold and the value was Rs 1.60 lakh crore.
Anuj Puri, who is the Chairman of Anarock Group, said that though the sales declined, India's housing market fundamentals remain strong.
"The short-term impact was clearly because of the Iran War. The war, which has led to a rise in oil prices and construction prices, has affected the sentiment of the buyers," he said.
As per Puri, the fall in sales by 7 per cent in the quarter aligns with the number of prospective Middle Eastern homebuyers, who invest significantly in Indian real estate. Such buyers have decided to delay their plan due to the war.
Anarock, based in Mumbai, is one of the leading housing brokerage firms in the country.
