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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·       Q4 2025 sales lowest quarterly sales since Q2 2023

·       Annual sales lowest since 2022 and supply lowest since 2021

National | January 22, 2026 – India’s residential real estate market entered a phase of measured normalisation in calendar year 2025, with housing demand softening gradually but remaining structurally resilient, according to Real Insight – Residential CY 2025, the annual housing market report released by PropTiger.com.

According to the report, across the top eight cities, all-India residential sales declined by 12% to 3,86,365 units in 2025 as compared to 4,36,992 units in 2024. This is the lowest annual sales since 2022.

In Q4 2025, sales contracted 10% YoY and 0.5% QoQ to 95,049 units. This is the lowest quarterly sales since Q2 2023 (80,250 units). During 2025, quarterly sales moderated from 98,095 units in Q1 2025 to 95,049 units in Q4 2025, reflecting demand re-timing rather than contraction.

Mr. Onkar Shetye, Executive Director of Aurum PropTech said, “2025 was not a year of demand destruction, but one of recalibration. Buyers remained active but more deliberate, while developers responded with disciplined supply management. This prevented inventory stress and helped prices remain resilient despite softer volumes.”

The slowdown was most pronounced in Q2 2025, which emerged as the weakest quarter in terms of new supply due to seasonal factors and heightened buyer caution. However, deferred demand was absorbed steadily in the second half of the year, particularly in southern markets.

City-level divergence widened throughout the year.

Hyderabad and Chennai emerged as consistent outperformers, recording sustained quarterly and year-on-year growth, while Mumbai and Bengaluru displayed volatility but closed the year on a firmer footing. Delhi NCR remained the only major market to record year-on-year sales declines across all four quarters, reflecting prolonged consolidation.

The total new supply across the eight cities fell 6% to 3,61,096 units in 2025 as against 3,85,221 units in 2024. This is the lowest annual supply since 2021.

In the October-December (Q4) 2025, supply rose 4% YoY and 0.2% QoQ to 92007 units.

Despite moderated sales, residential prices continued to rise across key markets, supported by limited ready inventory, elevated construction costs, and calibrated new supply. Developers largely avoided aggressive discounting, reinforcing pricing discipline.

“The housing market is transitioning into a more mature, execution-led phase,” added Mr. Onkar Shetye. Growth in 2026 is likely to be driven by affordability, infrastructure-led micro-markets, and city-specific fundamentals rather than broad-based acceleration.”

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