Housing Sales Rises 9% In Value In H1 2026 Across Top Eight Cities: Credai
As per the data, the housing sales in these eight cities declined 5% to 2,53,119 units during January-June 2025 from 2,67,219 units in the year-ago period.
Housing sales fell 5% to 2.53 lakh units during the first six months of this year but increased 9% in value terms to Rs 3.59 lakh crore across eight major cities, according to a Confederation of Real Estate Developers' Associations of India and Commercial Real Estate Matrix report.
On Thursday, realtors' apex body CREDAI and data analytics firm CRE Matrix released a report on primary housing markets of India's top eight cities -- Bengaluru, Delhi-NCR, Mumbai Metropolitan Region, Pune, Kolkata, Chennai, Hyderabad and Ahmedabad.
As per the data, the housing sales in these eight cities declined 5% to 2,53,119 units during January-June 2025 from 2,67,219 units in the year-ago period.
Appreciation in prices of residential properties led to an increase of 9% in sales in value terms to Rs 3,59,373 crore in the first half of 2025 from Rs 3,30,750 crore in the corresponding period of the preceding year.
"We are witnessing a decisive shift in homebuyer preferences across India. The demand is clearly moving towards larger, better-located, and more premium homes — reflecting rising aspirations and improved purchasing power," CREDAI National President Shekhar Patel said.
"A 21% growth in National Capital Region's housing value, despite lower volumes, is a clear indicator that quality and location are now more important than quantity," he added.
Abhishek Kiran Gupta, chief executive officer and co-Founder of CRE Matrix, said, the Tier 1 housing markets have entered a new phase of value-driven growth.
He noted that there has been a 14% rise in average ticket size to Rs 1.42 crore from Rs 1.24 crore during the period under review.
"As data suggests, India's residential real estate story is no longer just about quantity - it's about quality, confidence, and lifestyle," Gupta said.
The data showed that Delhi-NCR's market share in value terms has increased to 26% from 23% during the period under review.
Gurugram-based property consultant InfraMantra founder Shiwang Suraj noted that Gurugram and Noida markets have dominated the luxury housing sales in Delhi-NCR.
"The region’s growing lifestyle aspiration, massive infrastructure development and demand for bigger homes have led to this surge in luxury housing," he added.
Bhavesh Kothari, founder and chief executive officer of Property First Realty LLP, said the housing market is witnessing 'premiumisation' across major cities.
He noted that Bengaluru's real estate market has grown multifold over the last decade and generated high capital appreciation and rental yields for property owners.
