Housing Sales in Indian Cities Rise 8% in Q1 2026, Lagging New Launches
Housing sales across India's top seven cities reached 70,631 units in Q1 2026, marking an 8% year-on-year rise, according to a recent JLL report.
- Bengaluru, Mumbai, Pune, and Delhi NCR, the four cities each recording over 10,000 unit sales, together accounted for around 77% of total demand.
- The seven cities included Delhi-NCR, Mumbai, Bengaluru, Pune, Chennai, Hyderabad, and Kolkata.
Market Trends
Apartment prices rose 8-20% in January-March across seven major cities due to higher input costs.
- New supply of apartments increased 13 per cent to 90,023 units.
The premium segment continued to drive the market, with homes priced above ₹1 crore registering a sharp 30% annual increase.
- Particularly in the ₹1.5-3 crore bracket, home sales saw a significant surge.
City-wise Analysis
Chennai led with a 61% surge in sales, followed by Delhi NCR at 30% and Bengaluru at 18%, while Pune saw a 14% decline amid lower launches.
- New project launches picked up across Delhi NCR, Bengaluru, Hyderabad, and Mumbai.
Segment-wise Analysis
The sub-₹1 crore segment contracted 24% year-on-year, with its market share declining to 29% from 41%.
- This sustained shift reflects rising land and construction costs, limited affordable housing supply in core urban areas, and developers' strategic focus on higher-margin premium projects.
Real Estate Launches
Real estate launches grew by 13% to touch 90,023 units, with Bengaluru leading the way with 27,055 launches (up 32% Y-o-Y).
- Delhi NCR recorded 64% year-on-year growth, accounting for 45% of total quarterly launches.
- Housing sales in Indian cities rise 8% in Q1 2026, lagging new launches.
- The premium segment continues to drive the market, with homes priced above ₹1 crore registering a sharp 30% annual increase.
- New project launches picked up across Delhi NCR, Bengaluru, Hyderabad, and Mumbai.