more houses will be sold
Homes worth Rs 6.65 lakh crore are expected to be sold in FY26, which is 19% more than last year. However, due to flats being expensive, the number of houses sold is likely to remain approximately the same. According to ANAROCK data, more than 1.93 lakh houses were sold in major 7 cities in the first half of FY 2026, whose total value was more than Rs 2.98 lakh crore. This is 53% of the total sales in the entire financial year 2025, i.e. Rs 5.59 lakh crore.
The value of homes sold in a year is going to be the highest this year and will be almost double compared to FY23, when the real estate sector was in its good phase and homes worth Rs 3.53 lakh crore were sold. Prashant Thakur, executive director and head of research and advisory at Anarock Group, said that despite more and more homes being sold in FY 2024, sales have declined due to several challenges. Despite economic problems around the world, tensions between countries and increased prices, home sales are now stabilizing in the Big 7 cities.
Thakur said that the total price of houses sold is increasing. The number of sales declined by 14% year-on-year in FY2025, but the total value increased by 6% to Rs 5,59,290 crore. Which is the highest after financial year 2020. Current circumstances suggest that overall home prices may rise by double digits by the end of this financial year, even if the number of sales remains stable or increases only by 4%.
The reason for this increase in prices is the increasing demand for expensive houses, because the demand for luxury and very expensive houses is more than all other types of houses. Builders are also increasing the number of new projects in these categories to meet this demand. Of the new supply in the first half of FY 2026, 42% was of luxury and ultra-luxury homes.
house prices have increased
In the last few years, the average prices of houses in cities have increased significantly, due to which buying a house has become more expensive. In the first half of FY 2026, more than 4.23 lakh houses were sold in big 7 cities, whose total price was Rs 2,98,441 crore. City-wise, NCR and Chennai performed best in H1FY26 and FY25 accounting for 74% and 71% of total sales, respectively. Mumbai Metropolitan Region (MMR) achieved only 45% sales compared to last year. In NCR, 29,175 houses were sold during this period, the total value of which was Rs 75,859 crore.