India’s residential market is entering a new phase where infrastructure, affordability and connectivity are driving housing demand, according to the Magicbricks PropIndex Report for April-June 2026. The report said national residential demand declined 1.2 per cent quarter-on-quarter, but markets such as Kolkata, Noida, Greater Noida and Pune continued to attract stronger homebuyer interest. Among the 13 cities covered in the report, Kolkata recorded the highest demand growth at 7.5 per cent quarter-on-quarter, followed by Noida at 5.5 per cent, Greater Noida at 4.1 per cent and Pune at 2.1 per cent. In contrast, demand moderated in Hyderabad, Chennai, New Delhi and Bengaluru, while Mumbai remained broadly stable. The supply trend also reflected a divided market. National residential supply increased 1.2 per cent quarter-on-quarter, led by Bengaluru, Gurugram, Hyderabad and Kolkata. However, Noida and Pune saw lower supply additions despite strong demand growth, indicating healthy inventory absorption and improving market fundamentals. Residential prices remained resilient across India, rising 1 per cent quarter-on-quarter. Greater Noida emerged as the fastest-appreciating major residential market, recording 1.9 per cent price growth. Kolkata recorded a 1 per cent increase, while Noida and Pune maintained stable pricing despite higher buyer demand. Prasun Kumar, CMO, Magicbricks, said India’s residential market is becoming increasingly selective, with homebuyers choosing infrastructure ecosystems as much as cities. He said markets with stronger connectivity, employment opportunities and affordable housing are attracting higher buyer interest even as overall market activity moderates. He added that Greater Noida reflects this shift, supported by the upcoming Noida International Airport and expanding expressway network. The region is evolving into a self-sustaining economic corridor rather than remaining only an extension of Delhi NCR. The report also noted that 2 BHK homes accounted for 42 per cent of demand, followed by 3 BHK homes at 37 per cent. Together, these two categories represented nearly 79 per cent of buyer interest. On the supply side, developers continued to prioritise larger homes, with 3 BHK units accounting for 46 per cent of available inventory.