Home Sales Value to Grow 20% in FY26, Volumes to Remain Flat

11 Nov 2025 CW Team

In FY25, the housing market recorded total sales of approximately 4,22,000 units worth Rs 5.59 trillion. ANAROCK’s latest forecast indicates that sales value may exceed Rs 6.65 trillion in FY26, supported largely by the luxury and ultra-luxury housing segments.

Strong Value Growth Amid Stable Volumes

“After reaching a peak in FY2024, housing absorption has eased amid global headwinds and rising costs,” said Dr Prashant Thakur, Executive Director and Head – Research & Advisory, ANAROCK Group. “However, while volumes dipped 14 per cent year-on-year in FY25, the overall sales value rose six per cent — the highest since FY2022. FY26 is on track for another double-digit increase in total value, though volume growth may not exceed 4 per cent.”

During H1 FY26, over 1,93,000 units were sold across the top seven cities, with total sales worth Rs 2.98 trillion — already 53 per cent of the full-year value achieved in FY25.

Luxury Segment Leads the Market

The uptrend is being driven by premium projects, with 42 per cent of all new launches in H1 FY26 coming from the luxury and ultra-luxury categories. Rising average prices across key markets have also contributed to higher sales value, despite fewer transactions.

City-Wise Highlights

• NCR and Chennai recorded the fastest growth, achieving 74 per cent and 71 per cent, respectively, of their FY25 total sales value in just six months of FY26.

• MMR (Mumbai Metropolitan Region) achieved only 45 per cent of its FY25 value so far, despite the highest absolute numbers.

• Bengaluru, Pune, Hyderabad, and Kolkata all saw moderate growth in value terms but continued steady absorption in select high-demand micro-markets.

Premium Demand Continues

In NCR, around 29,175 units were sold in H1 FY26 worth Rs 758.59 billion, while Chennai recorded 11,670 units worth Rs 123.7 billion. MMR led in absolute value with Rs 1 trillion across 61,540 units sold.

Bengaluru and Pune collectively accounted for 62,000 units worth Rs 740 billion, while Hyderabad and Kolkata recorded sales of 22,000 and 7,600 units, respectively.

Outlook for FY26

Despite challenges from high input costs and geopolitical uncertainty, ANAROCK expects India’s housing sector to maintain healthy value growth. Premium and upper mid-segment housing are set to remain key contributors, as buyers continue prioritising quality, location, and lifestyle over price.

Mumbai, November 10, 2025 – India’s residential property market continues to display robust value growth despite moderating sales volumes. According to ANAROCK Research & Advisory, the total sales value of homes sold across the top seven cities is projected to rise by around 20 per cent year-on-year in FY26, even as sales volumes stabilise.In FY25, the housing market recorded total sales of approximately 4,22,000 units worth Rs 5.59 trillion. ANAROCK’s latest forecast indicates that sales value may exceed Rs 6.65 trillion in FY26, supported largely by the luxury and ultra-luxury housing segments.Strong Value Growth Amid Stable Volumes“After reaching a peak in FY2024, housing absorption has eased amid global headwinds and rising costs,” said Dr Prashant Thakur, Executive Director and Head – Research & Advisory, ANAROCK Group. “However, while volumes dipped 14 per cent year-on-year in FY25, the overall sales value rose six per cent — the highest since FY2022. FY26 is on track for another double-digit increase in total value, though volume growth may not exceed 4 per cent.”During H1 FY26, over 1,93,000 units were sold across the top seven cities, with total sales worth Rs 2.98 trillion — already 53 per cent of the full-year value achieved in FY25.Luxury Segment Leads the MarketThe uptrend is being driven by premium projects, with 42 per cent of all new launches in H1 FY26 coming from the luxury and ultra-luxury categories. Rising average prices across key markets have also contributed to higher sales value, despite fewer transactions.City-Wise Highlights• NCR and Chennai recorded the fastest growth, achieving 74 per cent and 71 per cent, respectively, of their FY25 total sales value in just six months of FY26.• MMR (Mumbai Metropolitan Region) achieved only 45 per cent of its FY25 value so far, despite the highest absolute numbers.• Bengaluru, Pune, Hyderabad, and Kolkata all saw moderate growth in value terms but continued steady absorption in select high-demand micro-markets.Premium Demand ContinuesIn NCR, around 29,175 units were sold in H1 FY26 worth Rs 758.59 billion, while Chennai recorded 11,670 units worth Rs 123.7 billion. MMR led in absolute value with Rs 1 trillion across 61,540 units sold.Bengaluru and Pune collectively accounted for 62,000 units worth Rs 740 billion, while Hyderabad and Kolkata recorded sales of 22,000 and 7,600 units, respectively.Outlook for FY26Despite challenges from high input costs and geopolitical uncertainty, ANAROCK expects India’s housing sector to maintain healthy value growth. Premium and upper mid-segment housing are set to remain key contributors, as buyers continue prioritising quality, location, and lifestyle over price.

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