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• PropTiger reported a 2% year-on-year decline in housing sales across eight major Indian cities during January–March 2026, with total sales falling to 95,973 units.
• New housing supply remained largely unchanged at 93,065 units during the quarter, reflecting cautious developer launches and limited addition of affordable homes.
• Bengaluru emerged as the strongest-performing residential market with a 33% rise in sales, while Chennai, Hyderabad and Delhi-NCR also recorded annual growth.
• Housing sales declined sharply in MMR, Pune, Kolkata and Ahmedabad, contributing to the overall moderation in residential absorption.
• The consultancy noted that inventory levels remained balanced as fresh supply additions stayed closely aligned with housing absorption across major markets.
PropTiger has reported a 2% annual decline in housing sales across eight major Indian cities during the January–March quarter of 2026, as slower demand momentum and constrained supply of affordable homes weighed on residential market activity. Advertisement
According to the consultancy’s ‘Real INSIGHT – Residential Q1 2026’ report released on Saturday, total housing sales across Ahmedabad, Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR) and Pune stood at 95,973 units during the first quarter of the 2026 calendar year, compared with 98,095 units in the corresponding period last year.
The report noted that fresh housing supply remained nearly flat during the quarter at 93,065 units against 93,144 units recorded a year earlier. PropTiger, which was recently acquired by Aurum PropTech Ltd, stated that developers continued to maintain supply discipline amid changing demand patterns across key residential markets.
Prakash Tejwani, chief executive officer of PropTiger, stated that the Indian residential market had entered a more structurally disciplined phase where demand quality, inventory management and buyer confidence were driving growth rather than speculative expansion.
Among individual cities, Bengaluru emerged as the strongest-performing market during the quarter with housing sales rising 33% year-on-year to 15,603 units from 11,731 units in the corresponding period last year. Chennai recorded sales of 6,841 units compared with 4,774 units earlier, while Hyderabad saw a 25% increase in sales to 13,297 units from 10,647 units.
Delhi-NCR also reported annual growth, with housing sales increasing 11% to 9,447 units during the quarter.
In contrast, residential sales in MMR declined 15% to 26,116 units from 30,705 units in the year-ago period. Pune recorded a sharper 21% decline to 13,565 units, while Kolkata sales fell 24% to 2,883 units. Ahmedabad also witnessed a 23% reduction in housing sales to 8,221 units during the quarter.
The consultancy stated that all eight major cities continued to record positive year-on-year price appreciation despite moderation in sales volumes. Unsold inventory levels also remained broadly stable, with fresh project launches closely aligned with market absorption, preventing any significant build-up of inventory.
PropTiger highlighted Bengaluru as a comparatively balanced market, where new supply additions of 15,806 units remained nearly aligned with quarterly sales absorption. The report attributed the city’s residential demand resilience to continued expansion of Global Capability Centres (GCCs), start-ups, deep-tech firms and global innovation centres, which have strengthened employment generation beyond conventional IT hiring cycles.
Industry stakeholders cited improving social infrastructure, employment growth and rising demand for plotted developments as additional drivers supporting Bengaluru’s residential market. Developers also noted that demand was increasingly being led by end-users and long-term buyers rather than speculative investors.
Source - PTI
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