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• Housing prices across eight major Indian cities increased between 3% and 24% year-on-year during January–March 2026, according to PropTiger.
• Bengaluru recorded the highest annual appreciation at 24%, followed by Mumbai Metropolitan Region at 20% and Delhi-NCR at 18%.
• The report attributed the sustained price growth to stronger demand quality, controlled inventory levels and improving buyer confidence.
• Industry stakeholders highlighted infrastructure expansion, premium housing demand and economic activity as major drivers of price appreciation.
• Developers stated that key residential markets are increasingly witnessing end-user-driven growth rather than speculative demand.
Residential property prices continued their upward trajectory across India’s major housing markets during the first quarter of 2026, with Bengaluru recording the highest annual appreciation among the country’s leading cities, according to data released by PropTiger. Advertisement
The real estate consultancy, which tracks the primary residential market across Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), Pune and Delhi-NCR, stated that housing prices rose between 3% and 24% year-on-year during the January–March 2026 period.
According to the report, Bengaluru registered the sharpest increase in average residential prices, with rates rising 24% annually to INR 9,785 per sq ft during Q1 2026. The Mumbai Metropolitan Region followed with a 20% increase, taking average housing prices to INR 15,120 per sq ft.
Delhi-NCR recorded an 18% rise in average residential prices to INR 9,534 per sq ft, while Pune and Hyderabad witnessed annual increases of 12% and 11%, respectively. Ahmedabad saw an 8% rise in housing prices, followed by Kolkata at 7%. Chennai recorded the lowest annual appreciation among the eight cities at 3%.
PropTiger stated that the broad-based increase across markets reflected sustained buyer confidence and resilient underlying demand despite rising property values and evolving market conditions.
Prakash Tejwani stated that India’s residential market has moved into a structurally more disciplined phase, where growth is increasingly being driven by demand quality, inventory management and stronger buyer confidence rather than speculative expansion.
Industry stakeholders indicated that infrastructure improvements, connectivity upgrades and growing preference for premium residential developments continue to support housing demand across key urban centres.
Rishi Raj of Conscient Infrastructure stated that Delhi-NCR’s housing market has demonstrated resilience and maturity over the past decade, with Gurugram remaining central to the region’s residential expansion. He noted that the city had delivered annual growth of around 8–10% over the last decade, outperforming inflation levels.
Deepak Sangwan of Origen Realty attributed the increase in NCR housing prices to ongoing infrastructure development, improved regional connectivity and rising demand for premium residential projects.
In Bengaluru, developers highlighted continued demand from technology professionals, start-up founders and corporate employees as key factors supporting residential price growth.
Darshan Govindaraju of Vaishnavi Group stated that Bengaluru’s housing market continues to benefit from strong economic fundamentals, including the availability of skilled talent, the presence of multinational companies and the city’s expanding start-up ecosystem.
Market participants believe that the current phase of residential growth across major cities is being supported by stronger end-user participation, relatively disciplined project launches and infrastructure-led urban expansion, particularly in premium and mid-premium housing segments.
Source - PTI
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