Housing Sales Jump 19% Across Top Nine Cities In Q2 2026 As Supply Surges

The Indian residential real estate market maintained the growth momentum in the second quarter of 2026, with housing sales rising to 19 per cent on a year-on-year (y-o-y) basis. The total number of sales across the nine major cities was recorded at 112,458 units, according to a report by PropEquity. This increase was supported with a sharp rise in new project launches, with housing supply climbing to 117,609 units during the April-June 2026 period.

The report said developers have stepped up with expanding their inventory and launching new projects after several quarters of comparatively restrained supply. This reflected confidence in sustained home buyer demand. On a sequential basis as well, the market remained strong. Sales grew by 14 per cent, and new supply rose to 27 per cent over the previous quarter, the report said.

Southern cities continue to lead the residential market, with Bengaluru, Hyderabad and Chennai following a strong growth pattern. Bengaluru remained the country’s largest housing market, with recorded sales of 21,516 units and an annual increase of 47 per cent. Hyderabad followed second with sales of 14,410 units and a growth rate of 47 per cent. Chennai saw a growth of 18 per cent in sales, with sales of 6,323 units, the report added.

Other parts of India witnessed a similar growth rate. Navi Mumbai emerged as the fastest-growing market among the top cities. The housing sales surged by 61 per cent on an annual basis, marked by sales of 11,029 units. Mumbai recorded an increase of 32 per cent with sales of 10,561 units, while Thane and Pune reported sales growth of 10 per cent and 9 per cent with sales of 16,386 units and 18,737 units, respectively.

These cities also saw a high growth rate in launches as well as sales, adding to the absorption dynamics.

Sales Plummet In Kolkata, Delhi-NCR

A few markets, however, saw a decline in sales. Kolkata registered the sharpest decline in sales, falling by 23 per cent with sales of only 3,414 units. This is followed by Delhi-National Capital Region (Delhi-NCR), which recorded a 14 per cent drop with sales of only 10,082 units. This makes these cities the weakest-performing residential market during the quarter.

These cities also experienced a decline in new project launches. Supply in Delhi-NCR fell by 6 per cent with 12,977 units, while in Kolkata, there was a subtle drop by 2 per cent with 2,608 units launched on a yearly basis.

According to the report, the continued expansion in housing supply alongside healthy sales demonstrated the resilience of the market despite the geopolitical tensions affecting investment decisions of the customers. A strong surge in project launches has helped meet the demands of genuine buyers across these key cities.