India's Housing Market Records Strong Growth in Q1 2026
According to a report by PropTiger, India's housing market witnessed a significant surge in new unit launches and sales across the top eight cities in Q1 2026.
Key Highlights:
- New unit launches: 93,065
- Unit sales: 95,973
- Supply: 1.1% sequential rise
- Sales: 1% sequential growth
The top performing cities during the quarter were Chennai, Bengaluru, and Hyderabad, with Chennai posting a 43.3% YoY increase in sales driven by inventory absorption.
Year-on-Year Analysis:
On a year-on-year basis, supply remained virtually flat, falling 0.1%, while sales moderated by 2.2%, reflecting healthy normalisation rather than structural weakness.
Regional Performance:
- Mumbai Metropolitan Region (MMR): 26,116 housing sales, down 14.9% YoY
- Chennai: 6,841 unit sales, up 43.3% YoY
- Hyderabad: 13,297 unit sales, up 24.9% YoY
- Delhi-NCR: 11.4% YoY sales growth, 17.6% annual price appreciation
- Pune: 4% quarter-on-quarter recovery in sales, 9% QoQ price growth
- Kolkata and Ahmedabad: faced temporary challenges due to election-related disruptions and demand normalisation, respectively
Property Prices:
Property prices sustained a broad-based upcycle in Q1 2026, with all eight major cities registering positive year-on-year appreciation.
- Average annual price appreciation: +8.3%
- Weighted average price: ₹10,050/sq ft, a historic benchmark
CEO's Take:
"The Indian residential market has transitioned into a structurally more disciplined phase. Growth today is increasingly driven by demand quality, inventory discipline, and buyer confidence rather than speculative expansion," said Prakash Tejwani, CEO, PropTiger.