India’s residential market enters mature growth phase in Q1 2026: PropTiger

18 May 2026 CW Team

The report said Q1 2026 recorded 93,065 new unit launches and 95,973 home sales across the top eight cities. Supply rose 1.1 percent quarter-on-quarter, while sales grew 1.0 percent QoQ. On a year-on-year basis, supply was nearly flat at -0.1 percent, while sales eased 2.2 percent, indicating market normalisation after the post-pandemic boom.

The weighted average residential price climbed to a record ₹10,050 per sq ft, crossing the five-digit mark for the first time. This, PropTiger noted, reflects a shift toward value-led growth rather than transaction-led expansion.

“The Indian residential market has transitioned into a structurally more disciplined phase. Growth today is increasingly being driven by demand quality, inventory discipline, and buyer confidence rather than speculative expansion,” said Prakash Tejwani, CEO, PropTiger.

Bengaluru emerged as the strongest-performing market in Q1 2026, with 15,603 units sold, up 33 percent year-on-year and 12 percent sequentially. New supply remained closely aligned with absorption, with 15,806 units launched, reflecting a balanced market. The report attributed Bengaluru’s resilience to sustained GCC and startup-driven employment demand.

Mumbai Metropolitan Region (MMR) continued to anchor the national market, recording 26,116 units sold. While sales declined 14.9 percent YoY, PropTiger attributed the drop to base-effect normalisation after a strong 2025.

Other markets also posted notable momentum, with Chennai recording 43.3 percent YoY sales growth, Hyderabad rising 24.9 percent, and Delhi-NCR posting 11.4 percent YoY growth alongside 17.6 percent price appreciation. Pune saw the highest QoQ price growth at 9 percent.

PropTiger said all eight cities registered positive YoY price appreciation, while inventory levels remained balanced due to disciplined supply additions. The report expects steady growth in Q2 2026, supported by infrastructure-led micro-market expansion and sustained developer restraint.

India’s residential real estate market has moved into a structurally mature and demand-driven growth cycle, according to the Real INSIGHT – Residential Q1 2026 report released by PropTiger, part of Aurum PropTech Limited.The report said Q1 2026 recorded 93,065 new unit launches and 95,973 home sales across the top eight cities. Supply rose 1.1 percent quarter-on-quarter, while sales grew 1.0 percent QoQ. On a year-on-year basis, supply was nearly flat at -0.1 percent, while sales eased 2.2 percent, indicating market normalisation after the post-pandemic boom.The weighted average residential price climbed to a record ₹10,050 per sq ft, crossing the five-digit mark for the first time. This, PropTiger noted, reflects a shift toward value-led growth rather than transaction-led expansion.“The Indian residential market has transitioned into a structurally more disciplined phase. Growth today is increasingly being driven by demand quality, inventory discipline, and buyer confidence rather than speculative expansion,” said Prakash Tejwani, CEO, PropTiger.Bengaluru emerged as the strongest-performing market in Q1 2026, with 15,603 units sold, up 33 percent year-on-year and 12 percent sequentially. New supply remained closely aligned with absorption, with 15,806 units launched, reflecting a balanced market. The report attributed Bengaluru’s resilience to sustained GCC and startup-driven employment demand.Mumbai Metropolitan Region (MMR) continued to anchor the national market, recording 26,116 units sold. While sales declined 14.9 percent YoY, PropTiger attributed the drop to base-effect normalisation after a strong 2025.Other markets also posted notable momentum, with Chennai recording 43.3 percent YoY sales growth, Hyderabad rising 24.9 percent, and Delhi-NCR posting 11.4 percent YoY growth alongside 17.6 percent price appreciation. Pune saw the highest QoQ price growth at 9 percent.PropTiger said all eight cities registered positive YoY price appreciation, while inventory levels remained balanced due to disciplined supply additions. The report expects steady growth in Q2 2026, supported by infrastructure-led micro-market expansion and sustained developer restraint.

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