Housing Sales In India’s Top Nine Cities Jump Nineteen Percent As Supply Surges Forty-Three Percent In Second Quarter
New Delhi, June 25, 2026: Unaffected by the geopolitical uncertainties in the Middle East, housing sales in India’s top 9 cities rose 19% YoY to 1,12,458 units in Q2 2026 on the back of multi-quarter rise in housing supply at 1,17,609 units, up 43% YoY, according to a report by NSE-listed real estate data analytics firm PropEquity.
On a quarter-on-quarter basis, the market exhibited strong momentum with sales rising 14% and new supply expanding by 27%. Southern real estate markets heavily outperformed other regions, led by Bengaluru which maintained its absolute dominance by witnessing 47% growth to 21,516 units, followed by Hyderabad at 22% growth with 14,410 units, and Chennai with an 18% rise to 6,323 units.
Western markets also displayed robust activity as Navi Mumbai recorded a staggering 61% growth at 11,029 units, followed closely by Mumbai at 32% with 10,561 units, Thane at 10% with 16,386 units, and Pune at 9% with 18,737 units. In stark contrast to this widespread growth, Kolkata and Delhi-NCR lagged significantly in housing sales for the second quarter, recording declines of 23% to 3,414 units and 14% to 10,082 units, respectively.
Commenting on the market dynamics, Samir Jasuja, Founder and CEO, PropEquity said, “Indian housing market has remained resilient despite the geopolitical uncertainties in the Middle East. Southern markets continue to lead growth, while Mumbai and Navi Mumbai have also seen strong demand. Although some regions such as Thane and Delhi-NCR have witnessed relatively softer activity, overall market sentiment remains positive.”
He further noted that, “An important trend has been the rise in new supply after several quarters of constrained launches leading to stronger absorption levels across key markets. This indicates that demand remains healthy and the ongoing conflict has had minimal impact on the real estate sector.”
On the supply front, Navi Mumbai topped the nation with a 116% year-on-year surge to 9,902 units, followed by Mumbai with 111% growth to 10,438 units, Hyderabad with 75% growth to 18,407 units, and Bengaluru with 71% growth to 24,340 units. While residential launches in Chennai, Pune, and Thane grew between 6% and 41%, Hyderabad officially displaced Pune, Thane, and Delhi-NCR to emerge as the second-highest housing supply market in India behind Bengaluru. Conversely, new launches dropped by 6% in Delhi-NCR to 12,977 units and by 2% in Kolkata to 2,608 units.
Looking at the broader macroeconomic landscape, external investment patterns appear to be shifting toward the domestic sector. Jasuja further added, “We are also witnessing greater interest in the Indian real estate market from investors who were previously evaluating opportunities in the Middle East due to India’s economic stability, infrastructure growth and encouraging long-term real estate fundamentals.”
