By Anuj Puri, Chairman – ANAROCK Group
The unchanged policy rate is a welcome signal of stability amid the ongoing macroeconomic uncertainty, but it is not enough to reignite the mass-market housing cycle. ANAROCK’s Q2 2026 data shows that total sales in the top seven cities fell 6% year-on-year to about 90,715 units, while affordable housing supply has fallen to just 6% of total launches even as overall new supply increased 7% year-on-year to about 1.06 lakh units.
This mismatch is the main area of concern. Affordable housing demand remains very rate-sensitive, and with average residential prices still growing at 7% annually across the top cities, rate steadiness alone will do little to improve affordability. The market is obviously moving to a more balanced position overall – but this balance comes from the high-end luxury housing segment, not from the part of the market that drives broad-based homeownership.
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