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Housing sales increased by 16% in Pune, 15% in Mumbai, and 3% in Thane. Overall, housing sales across India's top nine cities rose 19% year-on-year to 112,458 units in Q2 2026 from 94,864 units in the same period last year, according to a PropEquity report.
India's residential real estate market recorded strong growth during the second quarter of 2026, with housing sales increasing by 19% across the country's top nine cities. A new report by PropEquity shows that steady buyer demand, along with a sharp rise in new project launches, helped the market perform well despite geopolitical tensions in the Middle East.
According to the report, 112,458 homes were sold during Q2 2026, compared to 94,864 units in the same quarter last year. During the same period, developers launched 117,609 new housing units, registering a 43% year-on-year increase in supply.
The report highlights that India's housing market remained stable during April-June 2026. On a quarter-on-quarter basis, housing sales increased by 14%, while the number of new residential units launched grew by 27%.
The rise in supply indicates that developers are bringing more projects to the market as homebuyer demand continues to remain healthy.
Among the nine major cities, Navi Mumbai recorded the highest growth in housing sales. The city reported a 54% increase compared to the same period last year.
Chennai ranked second with a 33% rise in home sales, followed by Hyderabad, where sales increased by 25%. Bengaluru also posted a healthy growth of 20%.
Other cities that recorded positive annual growth include:
Out of the nine cities covered in the report, seven registered higher housing sales during the quarter.
However, Delhi-NCR and Kolkata were the only markets to witness a decline. Housing sales dropped by 17% in Delhi-NCR and 12% in Kolkata on a year-on-year basis.
Commenting on the report, Samir Jasuja, Founder and CEO of PropEquity, said the Indian housing market has shown resilience even as global geopolitical uncertainty continues.
He said that southern cities are leading the market, while Mumbai and Navi Mumbai are also witnessing strong demand from homebuyers. Although a few markets, including Thane and Delhi-NCR, have experienced slower activity, the overall outlook for the housing sector remains positive.
Jasuja added that developers have increased the launch of new residential projects after several quarters of limited supply. As more projects enter the market, housing demand continues to be absorbed at a healthy pace, indicating that the ongoing conflict in the Middle East has had only a limited impact on India's residential real estate sector.
The report also shows a significant increase in housing supply across several cities.
Navi Mumbai recorded the highest growth in new launches, with supply increasing by 116% year-on-year to 9,902 units.
Mumbai followed with 10,438 new units, marking 111% growth over the previous year.
Hyderabad added 18,407 housing units, recording 75% annual growth, while Bengaluru remained the largest market for new launches with 24,340 units, up 71% from last year.
Meanwhile, Chennai, Pune, and Thane also reported growth in housing supply, ranging between 6% and 41%.
A key highlight of the report is Hyderabad's improved position in the housing market.
During Q2 2026, Hyderabad emerged as the second-largest market for new housing supply after Bengaluru, moving ahead of Pune, Thane and Delhi-NCR in terms of residential launches.
In contrast, Delhi-NCR witnessed a 6% decline in housing supply, with 12,977 units launched during the quarter. Kolkata also recorded a 2% fall, with 2,608 new units entering the market.
According to Jasuja, India's residential market is also attracting greater attention from investors.
He said many investors who had earlier been exploring opportunities in the Middle East are now showing increased interest in India. Factors such as the country's economic stability, infrastructure development, and strong long-term real estate fundamentals are encouraging investment in the Indian property market.
The latest PropEquity report indicates that India's housing market continues to maintain strong momentum. Higher home sales, increased project launches, and steady buyer confidence suggest that the residential sector remains on a positive growth path. With cities like Navi Mumbai, Chennai, Hyderabad, and Bengaluru leading both demand and supply, the market is expected to remain active in the coming quarters.
