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• Housing sales across 75 major Indian cities fell 1% to 7,09,793 units in FY26, according to Liases Foras.
• Total residential sales value increased 16% year-on-year to INR 9.33 lakh crore due to higher property prices and demand for premium homes.
• New housing supply rose 10% to 6,20,842 units, while unsold inventory increased 13% to nearly 12 lakh units.
• Mumbai Metropolitan Region remained the country’s largest housing market with 23.7% share of total sales, followed by Bengaluru.
• Pune recorded a sharp 25% decline in annual housing sales despite having one of the highest residential supplies among major cities.
India’s residential real estate market recorded a 16 per cent increase in housing sales value to INR 9.33 lakh crore during FY26, even as overall home sales volumes remained nearly flat, according to data released by Liases Foras. Advertisement
The report, which tracked housing activity across 75 major cities, showed that total residential sales declined marginally by 1 per cent to 7,09,793 units during the last financial year, compared to 7,19,029 units in FY25.
Despite the slight fall in the number of homes sold, the total transaction value rose significantly, indicating continued demand for premium and higher-priced residential properties across key urban markets. Rising property prices in major cities also contributed to the increase in overall sales value.
According to the report, new residential launches across the 75 cities increased 10 per cent year-on-year to 6,20,842 units during FY26. The rise in fresh supply came as developers continued to launch projects in key markets despite moderation in sales growth.
The increase in launches also led to a rise in unsold inventory. The report stated that unsold housing stock grew 13 per cent to around 12 lakh units across the tracked cities, reflecting supply accumulation in several residential markets.
Liases Foras stated that housing sales across the 75 cities largely remained stable despite economic concerns and changing market conditions. The firm added that supply growth outpaced sales during the year.
Among the top eight metropolitan cities, residential sales declined slightly to 5,07,850 units in FY26 from 5,09,211 units in the previous financial year. Tier II and Tier III cities witnessed a comparatively sharper decline of 4 per cent, with sales falling to 2,01,943 units from 2,09,818 units.
The Mumbai Metropolitan Region continued to dominate India’s housing market during the year. According to the report, MMR accounted for 23.7 per cent of annual pan-India housing sales and registered 4 per cent year-on-year growth in sales volumes.
Bengaluru ranked second with a 9.9 per cent share in India’s residential sales market. Pune, however, saw a steep 25 per cent decline in annual housing sales despite remaining one of the largest markets in terms of available housing supply.
The report further noted that the housing price index increased 3 per cent annually during FY26, showing continued price appreciation across several residential markets. Nearly 18,000 real estate developers are currently active across these 75 cities, according to the firm’s estimates.
India’s housing market has seen steady growth over the past few years, supported by demand for premium homes, larger apartments and branded residential projects. Developers across Mumbai, Bengaluru, Hyderabad and Delhi-NCR had earlier reported stronger revenue growth due to rising property prices even as sales volumes remained moderate in some markets.
Source PTI
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