Pune Experiences 5% Drop in New Home Sales in Q1 2026, Anarock Data Reveals

Pune: Sales of new homes in the city declined by 5% between January and March, as per recent data by property consultant Anarock. According to the data, developers sold 15,300 new apartments during the first three months of 2026, compared to 16,100 units sold during the same period last year.

Although Anarock Group chairman Anuj Puri attributed the dip to the ongoing war in West Asia, other experts believe it is a natural pause after the high real estate growth experienced in the past two years. "The short-term tremors of the Iran War were clearly visible in the first quarter," said Anuj Puri, chairman of Anarock Group.

Kishen Milaney, founder chairman of realtors' association Prop, remains optimistic: "The current market behavior is merely a pause before the next growth spurt."

Industry players are confident of the long-term growth prospects of the housing market despite the dip. Manish Jain, president of Credai Pune chapter, emphasized that any moderation in unit sales is not a reflection of weak demand but limited supply. "In Pimpri Chinchwad and adjoining areas, project launches were constrained over the past year due to delays in environmental clearances. With approvals now coming, developers have witnessed strong traction and healthy absorption during new launches," he added.

Pune has experienced a phase of record-high growth in home sales over the past two to three years. The city recorded over 50% growth in home sales in 2022 and 2023, driven by significant demand after the pandemic. According to Knight Frank India data, apartments sold in Pune fell by 3% in 2025, totaling around 50,000 units.

Despite the recent dip, the housing market in Pune is expected to recover and continue its growth trajectory. The city's strategic location, robust economic environment, and improving infrastructure are key factors contributing to its long-term potential in the real estate sector.