Housing sales across India's top nine cities rose 19% year-on-year (YoY) to 1.12 lakh units during the April-June 2026 quarter, according to a report by PropEquity. The growth occurred despite ongoing geopolitical uncertainties in the Middle East and volatility in the global economy.
Supply Surge and Developer Confidence
New housing supply increased sharply by 43% during the quarter, indicating developers' confidence in meeting renewed buyer demand despite external challenges. On a quarter-on-quarter basis, housing sales increased 14%, while new supply rose 27% in the second quarter of 2026.
Southern Cities Lead Performance
Southern cities emerged as the strongest performers. Bengaluru led with housing sales rising 47% YoY to 21,516 units. Hyderabad followed with a 22% increase to 14,410 units, while Chennai recorded an 18% rise to 6,323 units.
Western Markets Show Robust Growth
Western markets also reported robust growth. Navi Mumbai registered the highest increase in sales among major markets, with a 61% jump to 11,029 units. Mumbai recorded a 32% rise to 10,561 units, while Thane and Pune saw growth of 10% and 9%, respectively, with sales reaching 16,386 units and 18,737 units.
Declines in Kolkata and Delhi-NCR
In contrast, Kolkata recorded a 23% fall in sales to 3,414 units, while Delhi-NCR saw sales decline 14% to 10,082 units.
Hyderabad Market Insights
Commenting on Hyderabad's performance, Kirthi Chilukuri, Founder & Managing Director, Stonecraft Group, said, "Hyderabad's residential market continues to benefit from strong economic fundamentals, expanding infrastructure, and sustained demand from both homebuyers and long-term investors. As the market matures, purchase decisions are increasingly being driven by the overall living experience rather than location alone."
Supply-Side Highlights
On the supply side, Navi Mumbai topped the chart with a 116% YoY increase to 9,902 units. Mumbai followed with a 111% rise to 10,438 units, while Hyderabad recorded a 75% increase to 18,407 units and Bengaluru registered a 71% rise to 24,340 units. The report noted that Hyderabad became the second-largest housing supply market after Bengaluru, overtaking Pune, Thane and Delhi-NCR.
Meanwhile, Delhi-NCR recorded a 6% decline in new supply to 12,977 units, while Kolkata saw a 2% fall to 2,608 units.
Mumbai Market Resilience
Rajat Khandelwal, Group CEO, Tribeca Developers, said, "The Mumbai residential market continues to demonstrate strong resilience, particularly in the premium and luxury segments, where buyer confidence remains robust. We are witnessing sustained demand and healthy price appreciation across our developments in Mumbai, reflecting the broader growth trend highlighted in the report. We are seeing homebuyers increasingly prioritise quality, branded living experiences, thoughtful design, and long-term value creation while making purchase decisions."
Overall Outlook
The report highlighted that both housing sales and new launches remained strong across most major cities, reflecting continued demand from homebuyers and confidence among developers despite global economic and geopolitical uncertainties.
