Property prices in India's top eight cities saw a broad-based increase in the first quarter of 2026. Bengaluru recorded the highest appreciation, with prices rising 24 percent. Mumbai Metropolitan Region and Delhi-NCR also experienced significant growth. This sustained upcycle highlights strong underlying demand and a disciplined real estate market.
Synopsis
Property prices in India's top eight cities saw a broad-based increase in the first quarter of 2026. Bengaluru recorded the highest appreciation, with prices rising 24 percent. Mumbai Metropolitan Region and Delhi-NCR also experienced significant growth. This sustained upcycle highlights strong underlying demand and a disciplined real estate market.
New Delhi: Housing prices rose an average 3-24 per cent annually during the January-March period this year across eight major cities with Bengaluru witnessing maximum appreciation, according to PropTiger.
Real estate consultant PropTiger, which is part of listed firm Aurum PropTech tracks primary (first sale) housing market of Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), Pune, and Delhi-NCR.
"Property prices across 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 added.
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As per the data, the average housing price in Bengaluru rose 24 per cent to Rs 9,785 per sq ft during January-March.
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In MMR, the rates grew 20 per cent to Rs 15,120 per sq ft. Delhi-NCR saw a price rise of 18 per cent to Rs 9,534 per sq ft.
Pune and Hyderabad witnessed an increase of 12 per cent and 11 per cent, respectively. The average price rose 8 per cent in Ahmedabad, 7 per cent in Kolkata, and 3 per cent in Chennai -- the least.
PropTiger CEO Prakash Tejwani 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."
Commenting on the report, Rishi Raj, CEO of NCR-based Conscient Infrastructure, said, "Delhi-NCR's residential market demonstrated both resilience and maturity. Gurgaon has been at the heart of this transformation. Over the last decade, the city has delivered an 8-10 per cent CAGR, clearly outperforming inflation."
Deepak Sangwan, Chairman of Origen Realty, attributed the rise in prices in NCR to infrastructure development, enhanced connectivity and growing demand for premium homes.
Realty firm Vaishnavi Group Executive Director Darshan Govindaraju said the housing demand in Bengaluru is strong on account of robust fundamentals such as the availability of quality talent, presence of domestic and global organisations and a thriving start-up ecosystem.
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