Bengaluru Housing Prices Rise 24 Per Cent in Q1

28 May 2026 CW Team

The report said Bengaluru stood out across sales growth, supply-sales balance and price appreciation. It attributed the city’s demand strength to its global capability centre and start-up employment base, which it said remains more durable than conventional IT hiring cycles.

Across India’s top eight cities — Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai Metropolitan Region, Pune and Delhi NCR — average housing prices rose between three per cent and 24 per cent year-on-year in Q1 2026. On a quarter-on-quarter basis, prices increased between one per cent and nine per cent.

Mumbai MMR retained the highest average price in absolute terms at Rs 15,120 per sq ft, recording 20 per cent year-on-year and eight per cent quarter-on-quarter growth. Delhi NCR saw prices rise 18 per cent year-on-year to Rs 9,534 per sq ft, compared with 43 per cent growth recorded in Q1 2025.

The weighted average price across the top eight cities reached Rs 10,050 per sq ft, crossing the Rs 10,000 benchmark for the first time. The report said positive annual price growth across all eight cities reflected resilient demand and disciplined inventory management.

Prakash Tejwani, CEO, PropTiger, said the Indian residential market has moved into a more disciplined phase, with growth being driven by demand quality, inventory discipline and buyer confidence rather than speculative expansion.

Housing sales across the top eight cities fell 2.2 per cent year-on-year but rose one per cent quarter-on-quarter to 95,973 units in Q1 2026. New supply declined 0.1 per cent year-on-year and rose 1.1 per cent quarter-on-quarter to 93,065 units.

The report said future growth will depend on whether current supply-demand equilibrium deepens into a new growth cycle or consolidates at current levels, with premium inventory absorption and mid-income affordability expected to remain key challenges.

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Bengaluru recorded the strongest year-on-year housing price growth among India’s top eight cities in Q1 2026, according to PropTiger’s Real INSIGHT – Residential Q1 2026 report. The city’s average housing price rose 24 per cent year-on-year and three per cent quarter-on-quarter to Rs 9,785 per sq ft.The report said Bengaluru stood out across sales growth, supply-sales balance and price appreciation. It attributed the city’s demand strength to its global capability centre and start-up employment base, which it said remains more durable than conventional IT hiring cycles.Across India’s top eight cities — Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai Metropolitan Region, Pune and Delhi NCR — average housing prices rose between three per cent and 24 per cent year-on-year in Q1 2026. On a quarter-on-quarter basis, prices increased between one per cent and nine per cent.Mumbai MMR retained the highest average price in absolute terms at Rs 15,120 per sq ft, recording 20 per cent year-on-year and eight per cent quarter-on-quarter growth. Delhi NCR saw prices rise 18 per cent year-on-year to Rs 9,534 per sq ft, compared with 43 per cent growth recorded in Q1 2025.The weighted average price across the top eight cities reached Rs 10,050 per sq ft, crossing the Rs 10,000 benchmark for the first time. The report said positive annual price growth across all eight cities reflected resilient demand and disciplined inventory management.Prakash Tejwani, CEO, PropTiger, said the Indian residential market has moved into a more disciplined phase, with growth being driven by demand quality, inventory discipline and buyer confidence rather than speculative expansion.Housing sales across the top eight cities fell 2.2 per cent year-on-year but rose one per cent quarter-on-quarter to 95,973 units in Q1 2026. New supply declined 0.1 per cent year-on-year and rose 1.1 per cent quarter-on-quarter to 93,065 units.The report said future growth will depend on whether current supply-demand equilibrium deepens into a new growth cycle or consolidates at current levels, with premium inventory absorption and mid-income affordability expected to remain key challenges.

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