Mumbai, June 30 -- Increasing property prices and geopolitical tensions across the world have hit housing sales in seven metropolitan cities in India, with sales dropping by 20% in the second quarter (Q2) of 2025 compared to the second quarter of 2024. The Mumbai Metropolitan Region (MMR) was hit the hardest, with housing sales dropping by 25%, from 41,540 units in the second quarter of 2024 to 31,275 units in the second quarter of 2025, according to a report by real estate consulting firm, Anarock. Approximately 96,285 houses were sold in the second quarter (April-June) of 2025 across the seven metropolitan cities - National Capital Region, MMR, Bengaluru, Pune, Hyderabad, Chennai and Kolkata, compared to 120,335 houses sold in the same period in 2024. Housing sales in the seven cities increased marginally by 3% compared to the first quarter of 2025, the report shows. But in Kolkata, Pune and the MMR, housing sales dropped by 10%, 4% and 1%, respectively. "The second quarter of 2025 was a rollercoaster for the Indian housing market, rocked by major military actions at home and abroad. The war-like climate pushed homebuyers into wait and watch mode, compounding the impact of soaring property prices over the past two years," Anuj Puri, chairman, Anarock Group, told HT. "With domestic tensions easing and the Reserve Bank of India's repo rate cut injecting fresh optimism, buyer sentiment is rebounding." Other realty consultants shared similar sentiments. "Geopolitical tensions always have an impact on Indian real estate, though the degree varies depending on the geography and Indian economic interests," said a real estate consultant, requesting anonymity. Puri, however, is optimistic about an uptick in sales in forthcoming quarters. "Despite a 20% year-on-year dip in sales across the top seven cities, a 3% uptick this quarter signals renewed momentum," he said....