Housing sales across India's top eight residential markets fell 6.1% year-on-year to 91,729 units in the April-June quarter of 2026, as pre-monsoon seasonality and cautious buying sentiment weighed on activity, according to PropTiger.com's Real Insight Report Q2 2026. Sales also declined 4.4% from the previous quarter, when the market had recorded 95,973 units.
The report, released by Aurum PropTech, said the decline should be viewed as a phase of consolidation rather than a broad slowdown. The year-on-year comparison was also against a strong Q2 2025 base of 97,674 units. At the same time, developers continued to launch new projects, indicating that supply-side confidence remained intact.
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New Launches Remain Ahead Of Sales
Developers launched 89,161 housing units across the eight cities during the quarter, up 6% from a year earlier, although launches declined 4.2% sequentially. With sales exceeding new supply by 2,568 units, the report said the demand-supply balance remained relatively stable, limiting the risk of a meaningful build-up in unsold inventory.
The market is also showing a shift towards value rather than volumes. The sales-weighted average residential price rose 1% sequentially to Rs 10,153 per square foot, remaining above the Rs 10,000 mark for a second consecutive quarter. All eight markets recorded annual price growth, ranging from 4.4% in Chennai to 26% in Bengaluru.
Bengaluru Leads Price Growth; Chennai Sales Rise
Bengaluru recorded the strongest annual price appreciation at 26%, even as sales declined. Pune crossed the Rs 8,000 per square foot threshold for the first time, while Mumbai Metropolitan Region remained the country's largest residential market by both sales volume and value.
Chennai posted the strongest annual sales growth among the eight markets, with sales rising 36%. Kolkata recorded the greatest sequential improvement, with sales increasing 22% from the previous quarter on a post-election rebound. Ahmedabad remained the most affordable market at Rs 5,295 per square foot.
The report flagged affordability pressure, premium-inventory absorption, monsoon-to-festive seasonality, geopolitical volatility and technology-sector employment sensitivity in Bengaluru, Pune and Hyderabad as key risks.
For the third quarter, PropTiger expects festive-season demand, infrastructure progress and continued GCC and start-up hiring to support the housing market. The outlook remains one of cautious optimism, with affordability likely to remain the key variable for buyers and developers.
“Q2 2026 data confirms India's residential market is maturing, not weakening,” Prakash Tejwani, CEO of PropTiger.com, said.
He said prices have remained above Rs 10,000 per square foot for two consecutive quarters even as buyers have become more selective. Tejwani added that disciplined supply could position developers favourably for the festive quarter, while affordability remains a key variable.
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