India Real Estate Trends 2026

After a record 2024-25, the Indian housing market enters 2026 with steady demand and easing supply.

Headline numbers

• Top-8 cities saw ~4.6 lakh units sold in 2025, up 4% YoY.
• Average price growth: 7-9% across top metros.
• Unsold inventory dropped to 8.2 lakh units (lowest in 7 years).
• Premium (>Rs 1.5 cr) segment now drives 40% of sales.

City highlights

• Bengaluru: 9% price growth led by Whitefield and Sarjapur.
• Hyderabad: 11% growth, driven by financial district expansion.
• Mumbai (MMR): 6% growth; redevelopment supply surges in central suburbs.
• Pune: 8% growth; IT-led demand in Hinjewadi.
• NCR: 12% growth; Gurgaon luxury market on fire.
• Chennai: 5% growth; OMR remains the hub.
• Kolkata: 4% growth; New Town leads.
• Kochi: 7% growth; Kakkanad and InfoPark corridor strong.

What's driving demand

• Interest rate cuts (RBI repo down 50bps in 2025)
• Hybrid work pushing demand to larger 3-4 BHK units
• NRI return purchases at decade-high levels
• Premium upgrades from buyers exiting 1-2 BHK starter homes

What to watch

• Stamp duty hikes in Maharashtra and Karnataka
• Builder consolidation — top 10 now hold 35% market share
• Rental yields finally inching up in Bengaluru and Hyderabad