India's Real Estate Sector Sees Stable Demand Amid Rising Supply in Q1 2026
According to a recent report by Equirus, India's real estate sector has maintained a stable demand even as supply has increased in Q1 2026, despite a marginal slowdown in launches.
New Launches See Significant Increase
- New launches surged to 14 million square feet in Q1 2026, a 154 per cent jump from the 5.5 million square feet seen a year ago.
Growing Role of Global Firms
The report noted that the GCC share in leasing increased to 48 per cent in Q1 2026 from 44 per cent in Q1 2025, indicating sustained demand from global capability centres.
Regional Trends
- Kolkata recorded the highest Q-o-Q increase in leasing transactions.
- NCR saw the highest Q-o-Q increase in launches.
Pricing Trends
- NCR and Kolkata recorded the highest price increase at 15 per cent over the past 12 months.
- Ahmedabad saw the lowest price growth at 2 per cent.
Shift in Residential Segment
The report highlighted a shift in the residential segment, driven by younger buyers, with nearly 74 per cent of property buyers below the age of 35.
Adaptation by Developers
- Developers are adapting to this shift, with changes in project design, apartment sizes, marketing strategies, and payment plans.
Supply Side Trends
- Housing supply increased by 10 per cent Y-o-Y.
- Prices rose 14 per cent across major cities in Q1 2026.
Modest Demand Moderation
While demand remains resilient, the report noted a modest moderation in demand on a sequential basis, with a 2.2 per cent quarter-on-quarter decline.
Key Takeaways
- Demand remains stable despite supply expansion.
- The sector is witnessing evolving trends in buyer behaviour and regional performance.
Published on April 25, 2026