Housing sales across India’s top seven cities rose 3% year-on-year to about 1,00,220 units in Q3 2026, while new housing supply increased 18% to around 1,14,320 units, according to Anarock Research.
The total value of homes sold increased 2% to about ₹1.55 lakh crore from ₹1.52 lakh crore in Q3 2025. Available housing inventory, meanwhile, rose 12% from more than 5.61 lakh units at the end of Q3 2025 to over 6.30 lakh units at the end of Q3 2026. Average residential prices across the seven cities increased 7% year-on-year.
Sales also improved sequentially, rising 10% from Q2 2026, while new launches increased 8% from about 1,05,995 units in the preceding quarter.
Mumbai Metropolitan Region (MMR) recorded the highest sales at about 31,750 units, followed by Bengaluru with around 16,670 units. Together, the two markets accounted for 48% of total housing sales across the seven cities during the quarter.
“Among the top cities, MMR recorded the highest sales of approx. 31,750 units, followed by Bengaluru with approx. 16,670 units. Together, these two cities accounted for 48% of the total sales across the top 7 cities in Q3 2026. At 15%, Hyderabad saw the highest yearly jump in housing sales, followed by Bengaluru with 12% Y-o-Y rise, and MMR with a 5% gain. All other top cities individually recorded a dip in sales on an annual basis,” said Anuj Puri, Chairman, ANAROCK Group.
Supply rises faster than sales
MMR also led new housing supply, with about 37,500 units launched in Q3 2026, up 27% year-on-year and 9% sequentially. More than 51% of the new supply in the region was priced below ₹80 lakh.
Hyderabad recorded the second-highest launch volume at around 18,950 units, compared with 8,630 units in Q3 2025. This represented a 120% year-on-year increase and a 12% rise over the previous quarter. About 97% of Hyderabad’s new supply was in segments priced above ₹80 lakh.
Pune added about 18,730 units, down 3% annually but up 47% sequentially, with more than 79% of launches priced between ₹40 lakh and ₹1.5 crore. Bengaluru recorded about 17,720 launches, up 17% year-on-year but down 18% from Q2 2026. About 81% of the city’s new supply was in the ₹80 lakh-₹2.5 crore range.
MMR, Pune, Bengaluru and Hyderabad together accounted for 81% of the new housing supply across the seven cities. Of the seven markets, only Hyderabad, MMR and Bengaluru recorded year-on-year increases in launches.
For Sanchit Gaurav, MD and Founder, Growthmind, this reflects a shift toward more measured and increasingly selective housing market, “Q3 2026 signals a maturing Indian housing market, not a boom or slowdown. Sales rose a modest 3% to ~1 lakh units, while new launches surged 18% and inventory climbed 12%, with average prices up 7%. End-user demand remains resilient, led by MMR, Bengaluru and Hyderabad, but buyers are increasingly selective amid greater choice. Developers are aggressively replenishing supply for the next 12–18 months, creating a balanced-to-buyer-favourable market in many micro-markets. Price growth is uneven, masking a two-speed market. The coming quarters will reward execution quality, transparent costing and micro-market fit over generic volume plays.”
NCR saw about 10,900 new launches during the quarter, down 14% year-on-year and 3% sequentially. More than 34% of its new supply was priced above ₹2.5 crore.
Chennai added about 5,840 units, down 9% annually but up 10% from Q2 2026, with more than 83% of supply in the ₹40 lakh-₹1.5 crore segment. Kolkata recorded around 4,680 launches, down 4% year-on-year but up 32% sequentially; about 79% of its new supply was priced between ₹40 lakh and ₹1.5 crore.
₹80 lakh-₹1.5 crore homes lead new supply
Across the seven cities, homes priced between ₹80 lakh and ₹1.5 crore accounted for the largest share of new supply at 34%. The ₹1.5 crore-₹2.5 crore segment contributed another 24%, while homes priced between ₹40 lakh and ₹80 lakh accounted for 17%. Homes priced below ₹40 lakh had the lowest share, at 14%.
For Umesh Gowda H A, Chairman and Founder, Sanjeevini Group, the quarter reflects resilient end-user demand alongside a growing emphasis on quality, location, amenities and developer credibility, “Despite a dynamic economic environment, the growth in housing sales across several key markets in Q3 reflects the underlying resilience of India’s residential real estate sector. Homebuyers continue to demonstrate confidence in property as a long-term investment, while end-user demand remains supported by rising aspirations, improving infrastructure and better connectivity across urban centres. The performance of leading markets also indicates that the housing sector is moving towards a more mature and demand-driven phase, where buyers are increasingly prioritising quality, location, amenities and the credibility of the developer.”
For Lalit Parihar, Managing Director, Aaiji Group, the trend points to sustained buyer confidence, even as purchase decisions become more considered and value-driven, “The rise in housing sales reflects the sustained strength of residential market and the confidence of homebuyers. Besides, improving infrastructure and rising aspirations coupled with realignment of demand & supply have helped boost housing activity across major markets.
The current market is also witnessing a shift towards more considered purchases, with buyers placing greater emphasis on location, connectivity, construction quality, amenities and the long-term value proposition of a project. With festive season ahead, this momentum is likely to sustain.”
Hyderabad and Bengaluru lead annual sales growth
MMR’s sales of around 31,750 units were 11% higher sequentially and 5% above Q3 2025. Bengaluru sold approximately 16,670 units, up 9% quarter-on-quarter and 12% year-on-year. Pune recorded sales of about 15,690 units, an increase of 20% from Q2 2026 but a 6% decline from a year earlier. NCR sold about 13,765 units, up 3% sequentially and down 1% year-on-year.
Hyderabad recorded around 12,970 housing sales, representing a 15% increase both sequentially and annually. Chennai recorded about 5,395 units, up 5% quarter-on-quarter but down 10% annually, while Kolkata’s roughly 3,980 units represented a 3% sequential increase and a 4% year-on-year decline.
NCR, MMR, Bengaluru and Pune together accounted for 78% of total sales across the seven cities.
Average residential prices across the seven markets increased 7% from Q3 2025. NCR recorded the highest annual price increase at 12%, followed by Bengaluru at 8%.
Rohit Gupta, Managing Director, Mantra Group, also felt that homebuyers now are placing greater emphasis on location, connectivity, quality and overall value, “Pune’s residential market is seeing a period of steady evolution, with homebuyers becoming more thoughtful about where they invest and what they get in return. While housing sales in Q3 2026 were around 15,690 units, down 6% from a year ago, the 20% quarter-on-quarter increase shows that buying activity has picked up. At the same time, around 18,730 new homes were launched, which reflects continued confidence in Pune’s long-term growth. We are also seeing buyers place greater importance on the overall value of a home, including location, connectivity, space, amenities, and quality of construction. With a large share of new supply falling in the ₹40 lakh-₹1.5 crore range, there is clear demand for homes that offer the right balance of quality and value.”
ANAROCK said housing sales had picked up from a relatively subdued Q2, supported by end-user demand, although rising costs and uneven demand across markets continued to constrain the pace of growth.
“The upcoming festive season is expected to boost residential demand, building on the momentum seen in Q3,” said Anuj Puri. “While buyers will likely stay selective due to higher prices and increasing affordability concerns, the combination of festive sentiment, stable borrowing costs and a healthy new launch pipeline should support sales. Demand is resilient, but we expect more measured growth.”
The Q3 data therefore showed a market in which launches expanded considerably faster than sales, while available inventory and residential prices also increased. At the city level, however, the direction and pace of sales and new supply remained uneven, with Hyderabad, Bengaluru and MMR recording annual sales growth while the other four markets reported declines.
