Housing Prices Rise Across Top 8 Cities in Q1 2026
Housing prices rose an average of 3-24% annually during the January-March period this year across eight major cities, with Bengaluru witnessing the maximum appreciation of 24%, according to the PropTiger report Real INSIGHT – Residential Q1 2026.
City-wise Price Appreciation
- Bengaluru: 24% YoY, ₹9785 per sq. ft.
- MMR (Mumbai Metropolitan Region): 20% YoY, ₹15,120 per sq. ft.
- Delhi-NCR: 18% YoY, ₹9,534 per sq. ft.
- Pune: 12% YoY
- Hyderabad: 11% YoY
- Ahmedabad: 8% YoY
- Kolkata: 7% YoY
- Chennai: 3% YoY
Quarter-on-Quarter Price Appreciation
- Ahmedabad: 1% QoQ
- Bengaluru: 3% QoQ
- Chennai: 0% QoQ
- Hyderabad: 2% QoQ
- Kolkata: 2% QoQ
- MMR (Mumbai Metropolitan Region): 3% QoQ
- Pune: 1% QoQ
- Delhi-NCR: 9% QoQ
Weighted Average Housing Price
The weighted average housing price across the top eight cities crossed the ₹10,000 per sq ft mark for the first time, reaching ₹10,050 per sq ft during the quarter, the report noted.
Market Insights
“The GCC and startup employment engine continues to prove more durable than conventional IT hiring cycles, providing Bengaluru with a structurally differentiated demand base that is less susceptible to sector-specific disruption,” the report said.
“Property prices across the top eight cities sustained a broad-based upcycle in Q1 2026, registering positive year-on-year appreciation, underscoring the depth and resilience of underlying demand,” it said.
“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,” said Prakash Tejwani, CEO, PropTiger.
Sales and Supply Trends
- Top 8 cities sales: Dipped by 2.2% YoY and rose 1% QoQ to 95,973 units in Q1 2026.
- Supply: Dipped 0.1% YoY and rose 1.1% to 93,065 units in Q1 2026.
Sales on a YoY basis rose in Bengaluru (33%), Chennai (43%), Hyderabad (25%) and Delhi-NCR (11%) while falling in MMR (15%), Pune (21%), Kolkata (24%) and Ahmedabad (23%).
MRR remained the highest-selling market with 26,116 units, followed by Bengaluru with 15,603 units, it said.
Housing supply on a YoY basis rose in Ahmedabad (96%), Delhi-NCR (29%), Hyderabad (23%), Chennai (4%) and Pune (2%), while falling in Bengaluru (13%), MMR (13%) and Kolkata (24%).
MRR remained the highest supplied market with 27,189 units, followed by Bengaluru with 15,806 units, the report added.