India's residential property market demonstrated resilience in the third quarter of 2026, with housing sales across the top seven cities rising by 3% year-on-year. A report by Anarock Research indicates that approximately 100,220 units were sold during Q3 2026, up from 97,080 units in the same period last year. This recovery follows a softer second quarter, driven by sustained end-user demand.
The total value of homes sold also saw a 2% annual increase, reaching around ₹1.55 lakh crore compared to ₹1.52 lakh crore a year prior. On a quarterly basis, sales improved by 10%.
Mumbai Metropolitan Region Leads Sales
The Mumbai Metropolitan Region (MMR) emerged as the top performer, recording approximately 31,750 housing unit sales. Bengaluru followed with 16,670 units. Together, these two major urban centers accounted for nearly half (48%) of the total sales across the top seven cities.
While overall sales grew, performance varied regionally. Hyderabad registered the highest annual growth in sales at 15%, followed by Bengaluru at 12%, and MMR at 5%. Conversely, Pune, the National Capital Region (NCR), Kolkata, and Chennai experienced annual declines in housing sales.
Surge in New Housing Supply
The third quarter also witnessed a significant increase in new housing supply, which rose by 18% annually to around 114,320 units. This is a substantial jump from 96,690 units launched in Q3 2025. MMR once again led new launches with approximately 37,500 units, followed by Hyderabad with 18,950 units.
Hyderabad experienced an impressive 120% annual increase in new supply, while MMR and Bengaluru saw increases of 27% and 17%, respectively. Similar to sales, new launches declined in Pune, NCR, Chennai, and Kolkata.
Price Segments and Inventory
Analysis of new supply by price segment reveals that homes priced between ₹80 lakh and ₹1.5 crore constituted the largest share at 34%. The ₹1.5 crore to ₹2.5 crore segment accounted for 24%, while the ₹40-80 lakh category made up 17%. Homes priced below ₹40 lakh represented 14% of the new supply.
Available inventory across the seven cities increased by 12% annually, standing at approximately 630,590 units by the end of Q3 2026, up from 561,760 units a year earlier. Average residential prices also climbed by 7% annually to ₹9,714 per sq ft from ₹9,105 per sq ft. NCR recorded the highest price growth at 12%, with Bengaluru following at 8%.
Market Outlook
Anuj Puri, Chairman of Anarock Group, noted that the upcoming festive season is expected to further boost residential demand. However, he cautioned that buyers are likely to remain selective due to higher prices and affordability concerns. Stable borrowing costs and a robust pipeline of new launches are anticipated to provide continued support for sales in the coming months.