Residential Sales Cross 1.12 Lakh Units Across Nine Major Cities; New Launches Surge 43% Despite Global Economic Uncertainty

India's residential real estate sector continued its robust growth trajectory in the April–June quarter of FY27, with housing sales rising 19% year-on-year across the country's nine largest cities, according to the latest report by real estate analytics firm PropEquity. Alongside healthy demand, developers also accelerated project launches, resulting in a 43% increase in new residential supply, highlighting strong confidence in the long-term outlook of the housing market.

The report underscores the resilience of India's property sector, which has remained largely insulated from global geopolitical tensions and economic uncertainties. Supported by strong domestic demand, infrastructure development, urbanisation and improving employment trends, residential real estate continues to be one of the country's strongest-performing asset classes.

Home Sales Cross 1.12 Lakh Units During the Quarter

According to PropEquity, residential sales across the top nine cities reached 112,458 units during the April–June 2026 quarter, compared to 94,864 units during the same period last year.

The report covers the country's largest residential markets:

• Mumbai
• Navi Mumbai
• Thane
• Delhi-NCR
• Bengaluru
• Hyderabad
• Chennai
• Pune
• Kolkata

The increase reflects sustained demand from both end-users and investors, even as global financial markets continue to navigate geopolitical and macroeconomic challenges.

Developers Step Up New Project Launches

Confidence among real estate developers also remained strong during the quarter.

New residential launches increased 43% year-on-year to 117,609 units, indicating that developers expect housing demand to remain healthy over the coming quarters.

Higher project launches are expected to:

• Improve housing availability.
• Provide buyers with greater choice.
• Balance demand and supply.
• Support stable price growth.
• Encourage healthy competition among developers.

The strong pipeline of new launches also signals improved execution capabilities across the sector.

Bengaluru Emerges as India's Fastest-Growing Housing Market

Among all major cities, Bengaluru recorded the strongest growth in residential sales.

Housing sales in the city increased from 14,676 units in the year-ago quarter to 21,516 units, making it the largest contributor to overall sales growth.

Industry experts attribute Bengaluru's performance to:

• Continued expansion of the IT sector.
• Strong employment generation.
• Infrastructure improvements.
• High demand from professionals and first-time homebuyers.
• Growing investor interest.

The city continues to benefit from sustained corporate investments and increasing migration of skilled professionals.

Southern Markets Continue to Outperform

Apart from Bengaluru, other southern cities also reported healthy growth.

Hyderabad

Residential sales increased from 11,815 units to 14,410 units, supported by demand across premium and mid-income housing segments.

Chennai

Housing sales rose from 5,354 units to 6,323 units, reflecting improving consumer confidence and rising demand for quality residential developments.

The southern region continues to outperform many other markets due to strong economic fundamentals, technology-driven employment and infrastructure expansion.

Mumbai Metropolitan Region Maintains Strong Growth

The Mumbai Metropolitan Region (MMR) remained one of India's strongest housing markets.

Mumbai

Sales increased from 8,006 units to 10,561 units.

Navi Mumbai

One of the biggest gainers during the quarter, sales jumped from 6,833 units to 11,029 units.

Thane

Residential sales improved from 14,832 units to 16,386 units.

The region continues to benefit from:

• Metro rail expansion.
• Coastal Road and Trans Harbour Link connectivity.
• Redevelopment projects.
• Rising demand for premium housing.
• Improved suburban infrastructure.

Pune Continues to Deliver Stable Performance

Pune remained among India's most consistent housing markets.

Residential sales increased from:

• 17,196 units
• to 18,737 units

The city's diversified economy, educational ecosystem and thriving technology sector continue to attract homebuyers and long-term investors.

Delhi-NCR and Kolkata Witness Moderation

While most major cities reported growth, two markets recorded a decline.

Delhi-NCR

Housing sales fell from 11,703 units to 10,082 units.

The moderation is attributed to selective project launches, affordability concerns and cautious buyer sentiment in certain micro-markets.

Kolkata

Residential sales declined from 4,449 units to 3,414 units, making it the weakest-performing market among the nine cities.

Industry participants expect both markets to recover gradually as infrastructure projects progress and fresh supply improves.

Infrastructure and Employment Continue to Drive Demand

Experts believe India's residential property market is being supported by multiple structural growth drivers.

These include:

• Rapid urbanisation.
• Large-scale infrastructure development.
• Metro rail expansion.
• Growth in employment opportunities.
• Rising disposable incomes.
• Increased preference for home ownership.
• Stable economic outlook.

Improved connectivity has also expanded the attractiveness of suburban housing markets across several cities.

Demand Broad-Based Across Buyer Segments

The current housing cycle is being driven by a healthy mix of buyers.

Demand is coming from:

• First-time homebuyers.
• Working professionals.
• Families upgrading to larger homes.
• Non-Resident Indians (NRIs).
• Long-term investors.

The trend suggests that the market is witnessing genuine end-user demand rather than speculative buying, supporting sustainable growth.

Industry Leaders Remain Positive

Real estate developers and industry experts remain optimistic about the sector's medium-term outlook.

According to industry leaders, India's strong domestic economic fundamentals have helped the housing market remain resilient despite external geopolitical developments.

Healthy demand across affordable, mid-segment and premium housing categories continues to support sales momentum.

Challenges Remain on the Horizon

Despite the positive outlook, developers continue to monitor several challenges, including:

• Global geopolitical tensions.
• Construction cost inflation.
• Interest rate movements.
• Land acquisition costs.
• Approval timelines.
• Supply chain disruptions.

However, healthy domestic demand and government infrastructure investments are expected to cushion the sector against these risks.

Outlook

India's residential real estate sector has delivered another strong quarterly performance, with housing sales increasing 19% and new project launches rising 43% across the country's top nine cities. Robust demand in Bengaluru, Hyderabad, Mumbai, Navi Mumbai and Pune highlights the continued strength of urban housing markets, while sustained infrastructure investment and employment growth remain key drivers of residential demand.

Although Delhi-NCR and Kolkata witnessed relatively softer activity, the overall market outlook remains constructive. With strong end-user demand, expanding infrastructure, supportive economic fundamentals and improving developer confidence, India's housing market is expected to maintain its growth momentum through the remainder of FY27, reinforcing real estate's position as a preferred long-term investment avenue.