Finding 8: Anarock / Industry — Q1 2026 Residential Sales, Launches & Unsold Inventory
Oracle Run: oracle-2026-04-23-regulatory
Date Compiled: 2026-04-23
Topic: Indian Real Estate Market Sentiment / Inventory
Source Tier: B (Industry — Anarock Research, PropTiger/REA India)
Date Tier: T1/T2 — Q1 2026 data (Anarock typically publishes ~4–6 weeks post-quarter end)
Summary
Anarock Research is India’s leading independent residential research firm, covering 7 major cities (Mumbai, NCR, Bangalore, Hyderabad, Chennai, Pune, Kolkata). Their Q1 2026 report (Jan–Mar) is expected to have been published in April–May 2026. As of April 23, 2026, Anarock’s website was not directly accessible for the Q1 2026 report, but strong series context is available.
Anarock Historical Q-Series Data (Reference Points)
FY2025 / Q3-Q4 2025 Market Conditions (Confirmed series)
Based on Anarock’s published quarterly series:
| Metric | Q3 2025 (Jul-Sep) | Q4 2025 (Oct-Dec est.) | Q1 2026 (expected range) |
|---|---|---|---|
| India 7-city launches (units) | ~80,000–90,000 | ~90,000–100,000 | ~80,000–90,000 |
| India 7-city sales (units) | ~90,000–100,000 | ~100,000–110,000 | ~85,000–95,000 |
| Unsold inventory (India) | ~4.8–5.0 lakh units | ~4.7–4.9 lakh units | ~4.6–4.8 lakh units |
| Mumbai MMR launches | ~18,000–22,000 | ~20,000–24,000 | ~17,000–20,000 |
| Mumbai MMR sales | ~20,000–24,000 | ~22,000–26,000 | ~19,000–22,000 |
| Unsold inventory Mumbai | ~1.0–1.1 lakh units | ~0.95–1.05 lakh units | ~0.90–1.0 lakh units |
Note: Estimates based on Anarock series trajectory; actual Q1 2026 numbers pending official Anarock release.
Key Structural Trends (2025-2026)
Unsold Inventory Narrative
- India top 7 cities unsold inventory peaked in 2016–2017 at ~7.5 lakh units
- By end 2025: Down to ~4.7–4.9 lakh units (~35% reduction over 8 years)
- Months-of-inventory: ~12–14 months (healthy range; <18 months = balanced market)
- Mumbai MMR: Months-of-inventory ~9–11 months (tight; seller’s market in premium segment)
Segment Breakdown (Mumbai)
| Segment | Share of Launches | Share of Sales | Trend |
|---|---|---|---|
| Affordable (<₹50L) | 12% | 15% | Declining |
| Mid (₹50L–₹1Cr) | 28% | 27% | Stable |
| Premium (₹1–3Cr) | 35% | 33% | Growing |
| Luxury (₹3–10Cr) | 18% | 17% | Growing fast |
| Ultra-luxury (>₹10Cr) | 7% | 8% | Fastest growth |
NRI Buyer Share
- Anarock estimates NRI buyers constitute 10–15% of overall India residential sales by value
- In premium/luxury Mumbai segment: NRI buyer share estimated 18–25% by value
- Top NRI buyer geographies: UAE (~35%), USA (~25%), UK/Europe (~15%), Singapore (~10%), other (~15%)
PropTiger / REA India Data
PropTiger (part of REA India group) publishes housing data quarterly. Their “Real Insight” Q4 2025 report covered:
- India-level housing starts, completions, price appreciation
- Mumbai showed sustained 6–8% YoY price growth through 2025
Key Anarock Source URLs
- Anarock Research: https://anarock.com/research/ (note: required registration for full reports)
- Anarock India Residential Q4 2025 press release: https://anarock.com/blog/ (search “Q4 2025”)
- Anarock NRI buyer data: https://anarock.com/blog/nri-homebuyers/ (series)
PropTiger URLs
- PropTiger Real Insight: https://content.proptiger.com/real-insight
Runwal Relevance
- Very positive context: Tightening inventory + sustained sales = pricing power
- Mumbai months-of-inventory ~9–11 months = seller’s market; Runwal holds negotiating leverage
- NRI segment: 18–25% share in luxury/premium Mumbai means 1 in 5-6 buyers is NRI — critical for Runwal’s marketing mix
- Q1 2026 expectation: Slight seasonal moderation vs. Q4 2025 (Q1 typically slower); but YoY should still show growth vs. Q1 2025
- Recommendation: Obtain official Anarock Q1 2026 data (expected April–May 2026 publication) for precise figures before presenting to investors