New Delhi: The primary housing market in India’s top cities is set to witness a year-on-year growth of over 19 per cent in FY26, with total sales value expected to exceed Rs 6.65 lakh crore, according to a report released on Monday. The surge is largely driven by strong demand for luxury and ultra‑luxury homes.
Despite geopolitical tensions and high property prices, sales volumes in the top seven cities have stabilised, with more than 1.93 lakh units sold during H1 FY26 (April–September), said the report by real estate services firm Anarock. The growth in sales value is primarily fueled by high-ticket homes, as demand for premium housing continues to outperform other segments. Cumulative sales value in H1 FY26 reached Rs 2.98 lakh crore, already accounting for 53 per cent of FY25’s total sales value of Rs 5.59 lakh crore.
“While sales volume declined by 14 per cent YoY in FY25, the sales value jumped 6 per cent to Rs 5,59,290 crore, marking the highest level since FY22,” said Prashant Thakur, Executive Director and Head of Research and Advisory at Anarock Group. After peaking in FY24, overall housing absorption slowed amid various challenges. However, current trends indicate the potential for double-digit growth in sales value by the end of FY26, even as overall volumes are expected to either stagnate or grow moderately by up to 4 per cent.
City-wise, the National Capital Region (NCR) and Chennai led the sales momentum in H1 FY26, achieving 74 per cent and 71 per cent of their FY25 sales values, respectively. Meanwhile, the Mumbai Metropolitan Region (MMR) recorded 45 per cent of its previous fiscal’s total sales value.