Nearly 96,000 homes sold across top 8 cities; Market shifts from post-pandemic exuberance to demand-driven quality growth

National, May 16, 2026 – India’s residential real estate market has successfully transitioned into a structurally mature, demand-anchored growth phase, according to the Real INSIGHT – Residential Q1 2026 report released by PropTiger (part of Aurum PropTech Limited).

Market Snapshot: Stability Over Volume

Q1 2026 recorded 93,065 new unit launches and 95,973 unit sales across the top eight cities, with supply rising +1.1% sequentially and sales improving +1.0% QoQ. Year-on-year, supply remained virtually flat at -0.1% while sales moderated -2.2%, reflecting healthy normalisation rather than structural weakness.

The weighted average price reached a historic ₹10,050/sq ft – the first crossing of the five-digit benchmark, signalling that value creation now drives market health rather than transaction volume.

Prakash Tejwani, CEO, PropTiger, stated “The Indian residential market has transitioned into a structurally more disciplined phase. Growth today is increasingly being driven by demand quality, inventory discipline, and buyer confidence rather than speculative expansion.”

Bengaluru’s Dominant Performance

Bengaluru emerged as Q1 2026’s standout performer, recording 15,603 unit sales – up +33% year-on-year and +12% sequentially. The city also maintained near-parity between new supply (15,806 units) and sales absorption, indicating a well-balanced market.

The GCC and startup employment engine continues to prove more durable than conventional IT hiring cycles, providing Bengaluru with a structurally differentiated demand base.

MMR Anchors Market Despite Normalisation

Mumbai Metropolitan Region (MMR) reinforced its position as India’s largest residential market by volume and value, with 26,116 sales units in Q1 2026. While YoY comparisons remain negative (-14.9%), this reflects base-effect normalisation against an exceptional 2025, not a loss of demand momentum.

Broader City Performance

• Chennai: Delivered strong recovery with 6,841 units sold, up +43.3% YoY, driven by absorption of existing inventory.
• Hyderabad: Recorded 13,297 units sold, up +24.9% YoY, confirming strong structural demand trajectory.
• Delhi NCR: Posted +11.4% YoY sales growth and +17.6% YoY price appreciation.
• Pune: Achieved +4.0% QoQ sales recovery with the highest QoQ price growth at 9%.
• Kolkata & Ahmedabad: Facing temporary headwinds from election cycles and demand normalisation respectively.

Market Health Indicators

All eight major cities registered positive year-on-year price appreciation; unsold inventory levels remained broadly balanced, with new supply additions closely aligned with sales absorption, preventing meaningful build-up of unsold stock.

A disproportionate share of new launches in Q1 2026 – particularly in Mumbai MMR, Bengaluru, and Delhi NCR – remained concentrated in the premium and upper mid-income segments driving the average property prices higher.

Conclusion: A Market Entering Maturity

Q1 2026 marks a decisive inflection point in India’s residential real estate cycle. The market has successfully transitioned from post-pandemic exuberance (2024–25) to structurally sustainable, demand-anchored growth (2026+).

The Q2 2026 Outlook is Constructive:

• Expect steady sequential growth (+2–4% QoQ) across most major metros
• Sustained YoY price appreciation (+4–8% across metros) driven by limited mid-segment supply
• Infrastructure completions unlocking new micro-markets, particularly benefiting Bengaluru, Chennai, Hyderabad, and NCR
• Developer discipline maintaining inventory balance and preventing oversupply risk

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New Delhi, 30 March 2026: Ghaziabad has witnessed a significant milestone in its real estate journey as Saya Gold Avenue, the tallest residential development in the city, has been completely sold out.

Located in the prime neighbourhood of Indirapuram, the project has emerged as a landmark development, with the final few units being sold at prices exceeding ₹15,000 per square foot, reflecting strong buyer confidence and premium positioning in the market.

Developed as a large-scale residential community, Saya Gold Avenue comprises 1620 units across 8 towers, each rising up to 39 storeys, making it one of the most prominent high-rise developments in the region. The project offers a mix of 2BHK, 3BHK, 4BHK apartments and penthouses, catering to a wide spectrum of homebuyers, including end-users and investors. Adding to its premium appeal is an expansive 80,000 sq. ft. clubhouse and a host of modern lifestyle amenities including Olympic size swimming pool, world class gymnasium etc, designed to offer a holistic living experience.

Strategically located at the heart of Indirapuram with excellent connectivity to major roads and highways, the project has been particularly preferred by senior government officials, journalists, business leaders, CEOs, and working professionals, further enhancing its status as a sought-after residential address.

The strong sales performance of Saya Gold Avenue also reflects the growing demand for premium and high-rise living in Indirapuram and the larger Ghaziabad region. Over the past few years, Indirapuram has evolved into a well-established residential hub with robust social infrastructure, seamless connectivity to Delhi and Noida, and a vibrant ecosystem of schools, hospitals, and commercial centres. Ghaziabad, too, has seen a steady rise in demand, driven by improved connectivity, infrastructure upgrades, and relatively competitive pricing compared to other NCR markets, making it an attractive destination for both end-users and investors.

Commenting on the development, Mr. Vikas Bhasin, Managing Director, Saya Group, said, “The complete sell-out of Saya Gold Avenue is a testament to the strong demand for quality developments in emerging micro-markets like Indirapuram and Ghaziabad. Today’s homebuyers are increasingly looking for well-designed, high-rise communities with modern amenities, strong connectivity, and a premium living experience. The response to this project, especially the price appreciation to over ₹15,000 per sq. ft., reflects the growing maturity of the Ghaziabad real estate market and the confidence that buyers have in such developments.”

The success of Saya Gold Avenue highlights the ongoing transformation of Ghaziabad into a key residential destination within NCR, with premium developments setting new benchmarks in design, scale, and pricing.

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