India's Housing Market Holds Firm: Top 9 Cities Report Strong Q2 2026 Numbers

There is a certain reassurance that comes from numbers arriving steady, quarter after quarter, in a world otherwise unsettled by headlines from distant conflicts and shifting global fortunes. The latest residential market data for April-June 2026 offers exactly that kind of quiet confidence to India's homebuyers. According to a report by NSE-listed real estate analytics firm PropEquity, housing sales across the country's top nine cities rose 19% year-on-year to 1,12,458 units, while housing supply grew 43% YoY to 1,17,609 units during the quarter.

What makes this quarter particularly noteworthy is not just the sales momentum but the return of developer confidence in launching new inventory. Developers have stepped up with expanding their inventory and launching new projects after several quarters of comparatively restrained supply, reflecting confidence in sustained home buyer demand. The sequential picture tells a similar story of acceleration: on a quarter-on-quarter basis, housing sales increased 14%, while new supply rose 27% in Q2 2026.

The geography of this growth is telling. Southern cities have emerged as the clear frontrunners this quarter. Bengaluru remained the country's largest housing market, with recorded sales of 21,516 units and an annual increase of 47 per cent, while Hyderabad followed second with sales of 14,410 units and a growth rate of 22 per cent. Chennai too contributed to the southern surge, with the report noting a growth of 18 per cent in sales, with sales of 6,323 units. On the supply side, both cities expanded aggressively — Hyderabad recorded a 75% rise in supply to 18,407 units, while Bengaluru saw supply expand 71% to 24,340 units, maintaining its position as the country's largest housing market by both sales and supply, with Hyderabad also emerging as the second-largest housing supply market, overtaking Pune, Thane and Delhi-NCR.

Western markets held their own too, with a particularly striking performance from a rising satellite city. Navi Mumbai emerged as the fastest-growing market among the top cities, with housing sales surging by 61 per cent on an annual basis, marked by sales of 11,029 units. Mumbai itself was not far behind, with Mumbai recording an increase of 32 per cent with sales of 10,561 units, while Thane and Pune reported sales growth of 10 per cent and 9 per cent with sales of 16,386 units and 18,737 units, respectively.

Not every city shared in this rally, however. Delhi-NCR and Kolkata bucked the national trend, both in sales and in the pace of new launches. Delhi-NCR saw a 6 per cent decline in housing supply at 12,977 units, while Kolkata saw a 2 per cent decrease at 2,608 units. On the sales front, the numbers were softer still, with these two markets recording the sharpest year-on-year declines among the nine cities tracked.

Samir Jasuja, Founder and CEO of PropEquity, offered a measured but optimistic reading of the quarter's underlying dynamics. He said the Indian housing market has remained resilient despite the geopolitical uncertainties in the Middle East, with southern markets continuing to lead growth while Mumbai and Navi Mumbai have also seen strong demand; although some regions, such as Thane and Delhi-NCR, have witnessed relatively softer activity, overall market sentiment remains positive. He also pointed to a shift in investor behaviour that could shape the market in the quarters ahead: greater interest in the Indian real estate market is emerging from investors who were previously evaluating opportunities in the Middle East, due to India's economic stability, infrastructure growth, and encouraging long-term real estate fundamentals.

For the ordinary homebuyer standing at the threshold of a decision, what does this quarter's data really mean? It suggests, first, that the fear of a supply crunch pushing prices sharply higher has eased somewhat, as developers across most major markets have opened up fresh inventory after a long stretch of caution. Second, it confirms that cities with strong employment engines — Bengaluru's technology corridor, Hyderabad's IT and pharma ecosystem, and Mumbai's expanding satellite townships — continue to command genuine, need-based demand rather than speculative churn. And third, for buyers eyeing Delhi-NCR or Kolkata, the relative softness may translate into more negotiating room and better deal-making conditions in the near term, even as developers there recalibrate their launch strategies for the second half of the year.