According to PropEquity report, home sales in the top 9 cities of India increased by 19% to 1.12 lakh units in April-June 2026. During this period, the launch of new housing projects also recorded a strong growth of 43%, which reflects the strong demand in the market.
New Delhi [भारत]July 1 (ANI): Despite continued geopolitical uncertainties in the Middle East and instability in the global economy, home sales in India’s top nine cities grew 19 per cent year-on-year to 1.12 lakh units during the April-June 2026 quarter. This information has come out from a report by PropEquity.
The report said that along with the increase in demand for homes, there has been a huge surge in new launches, with housing supply increasing by 43 per cent during the period. This increase in supply reflects the confidence of developers to meet the new demand of buyers despite external challenges. On a quarter-on-quarter basis, home sales in Q2 2026 grew 14 per cent, while new supply rose 27 per cent.
Performance of regional markets
Southern cities emerged as the strongest performers during the quarter. Bengaluru led the way with 47 percent year-on-year growth, with 21,516 units sold. After this, Hyderabad recorded sales of 14,410 units with an increase of 22 percent and Chennai recorded sales of 6,323 units with an increase of 18 percent.
Western markets also recorded strong growth. Navi Mumbai recorded the highest growth in sales among major markets at 61 per cent, with 11,029 units sold. Mumbai saw a 32 percent increase in sales at 10,561 units, while Thane and Pune saw a growth of 10 percent and 9 percent respectively, where sales reached 16,386 units and 18,737 units.
In contrast, Kolkata and Delhi-NCR saw a decline in home sales. Sales in Kolkata declined by 23 per cent to 3,414 units, while in Delhi-NCR sales declined by 14 per cent to 10,082 units.
Commenting on Hyderabad’s performance, Kirti Chilukuri, Founder and Managing Director, Stonecraft Group, said, “Hyderabad’s residential market continues to benefit from strong economic fundamentals, growing infrastructure and sustained demand from both home buyers and long-term investors. As the market matures, buying decisions are being driven by the overall living experience rather than just location.”
Strength on the supply front too
In terms of supply, Navi Mumbai topped the chart with 9,902 units, a year-on-year growth of 116 per cent. This was followed by Mumbai with a growth of 111 per cent at 10,438 units, Hyderabad with a growth of 75 per cent at 18,407 units and Bengaluru with a growth of 71 per cent at 24,340 units. The report said that Hyderabad has become the second largest housing supply market after Bengaluru, surpassing Pune, Thane and Delhi-NCR. Meanwhile, new supplies in Delhi-NCR were down by 6 per cent at 12,977 units and in Kolkata by 2 per cent at 2,608 units.
Rajat Khandelwal, Group CEO, Tribeca Developers, said, “Mumbai’s residential market is showing strong resilience, especially in the premium and luxury segments, where buyer confidence remains strong. We are seeing sustained demand and healthy price growth across our developments in Mumbai, which mirrors the broader growth trend highlighted in the report. We are seeing that home buyers are increasingly prioritizing quality, branded living experience, thoughtful design and long-term value creation when making purchase decisions. Are.”
The report highlighted that both home sales and new launches remained strong in most major cities despite global economic and geopolitical uncertainties, reflecting continued demand from home buyers and confidence among developers. (ANI)
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