Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
Housing sales across India's nine major residential markets increased 19% year-on-year to 112,458 units during the second quarter of 2026, supported by a 43% rise in new housing supply to 117,609 units, according to a report by PropEquity. Sales also grew 14% quarter-on-quarter, while fresh launches rose 27% over the previous quarter. Bengaluru retained its position as the country's largest residential market for both sales and new supply, while Hyderabad and Navi Mumbai recorded strong growth across both indicators. In contrast, Delhi-NCR and Kolkata registered declines in both residential sales and project launches. The report indicates that sustained buyer demand, improved developer confidence and rising residential supply continued to support the housing market despite geopolitical tensions in the Middle East.
India's residential property market maintained its growth momentum during the second quarter of 2026, with housing sales across the country's nine major cities rising 19% year-on-year to 112,458 units, according to a report released by NSE-listed real estate data analytics firm PropEquity. The report, published on June 25, also showed that developers significantly increased new project launches, with housing supply growing 43% year-on-year to 117,609 units, reflecting continued confidence in market demand.
On a sequential basis, housing sales increased 14% from 98,761 units recorded in the first quarter of 2026, while new supply rose 27% compared with 92,411 units launched during the previous quarter. According to PropEquity, the increase in supply follows several quarters of restrained project launches and has been accompanied by healthy absorption across key residential markets.
Among the southern cities, Bengaluru retained its leadership position in both sales and supply. The city recorded housing sales of 21,516 units, representing 47% year-on-year growth, while new launches increased 71% to 24,340 units. Hyderabad reported 14,410 units sold, up 22%, alongside a 75% increase in fresh supply to 18,407 units, making it the second-largest market for new housing supply during the quarter. Chennai also registered positive performance, with sales rising 18% to 6,323 units and supply increasing 6% to 6,865 units.
Western markets also posted healthy growth. Pune remained among the country's largest residential markets, recording 18,737 housing sales, an annual increase of 9%, while new launches rose 22% to 18,111 units. Thane reported sales growth of 10% to 16,386 units, with supply increasing 41% to 13,961 units. Mumbai recorded a 32% rise in housing sales to 10,561 units, while fresh supply more than doubled, increasing 111% to 10,438 units. Navi Mumbai emerged as the fastest-growing market, with sales climbing 61% to 11,029 units and supply surging 116% to 9,902 units.
In contrast, Delhi-NCR and Kolkata experienced declines in both sales and supply. Delhi-NCR recorded 10,082 housing sales, down 14% year-on-year, while new supply fell 6% to 12,977 units. Kolkata reported sales of 3,414 units, a 23% decline, alongside a marginal 2% fall in new launches to 2,608 units.
Commenting on the findings, Samir Jasuja, Founder and Chief Executive Officer of PropEquity, said the Indian housing market had remained resilient despite geopolitical uncertainties in the Middle East. He noted that southern cities continued to drive growth, while Mumbai and Navi Mumbai also recorded strong demand. Although activity softened in markets such as Delhi-NCR and Thane, overall sentiment remained positive, supported by rising residential supply and healthy absorption levels. He further stated that India was witnessing increased investor interest from those previously evaluating opportunities in the Middle East, attributing this to the country's economic stability, expanding infrastructure and favourable long-term real estate fundamentals.
Industry stakeholders echoed this view. Umesh Gowda H A, Chairman and Founder of Sanjeevini Group, said Bengaluru continued to outperform due to sustained office leasing, employment growth and relatively competitive housing prices, supporting both demand and new project launches. Lalit Parihar, Managing Director of Aaiji Group, observed that developers, particularly in southern and western India, had aligned new supply with buyer affordability, while India's stable economic outlook and infrastructure development continued to reinforce residential real estate as an attractive asset class for both end-users and investors.
Advertisement
Facebook
Whatsapp
