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A new report by ANAROCK Group indicates that in the top seven Indian cities housing sales value is projected to increase by nearly 19 % in FY26, crossing INR 6.65 lakh crore, even though unit volumes are expected to stagnate. The rise is driven by luxury and ultra-luxury home transactions along with higher average ticket sizes. In the first half of FY26 over 1.93 lakh units were sold for a total value already exceeding INR 2.98 lakh crore about 53 % of FY25's full-year value. Cities such as the National Capital Region (NCR) and Chennai are leading, while the Mumbai Metropolitan Region (MMR) lags.
According to Anarock's latest report released earlier this week, housing sales across India's seven major cities rose by about 7 per cent in value during the April-September period of the current fiscal, touching nearly INR 2.98 lakh crore. The consultancy noted that sales volumes have now stabilised across these urban centres. Advertisement
During the first half of the ongoing fiscal, more than 1.93 lakh residential units were sold in the top seven cities, generating a total sales value of around INR 2.98 lakh crore. This was compared with approximately 2.27 lakh units worth INR 2.79 lakh crore sold in the same period a year earlier.
Providing the market outlook, Prashant Thakur, Executive Director and Head of Research and Advisory at Anarock, said the overall housing sales value for FY26 could record a year-on-year growth of about 19 per cent across these cities, exceeding INR 6.65 lakh crore. He added that the estimate was based on average apartment sizes and prevailing price trends.
For the 2024-25 fiscal year, the cumulative sales value in the seven key cities stood at nearly INR 5.59 lakh crore, while the overall sales volume reached around 4.23 lakh units. Thakur observed that after peaking in FY24, overall absorption has moderated slightly due to various headwinds.
Anarock highlighted that the upward momentum in sales value has been largely fuelled by appreciation in average prices and the increasing proportion of premium housing sales.
Commenting on market trends, Dhaval Hemani, Co-Founder of Sarvam Properties, mentioned that current housing activity is being led by genuine end-user demand and value-based investment rather than speculative buying. Similarly, Ankur Jalan, CEO of Golden Growth Fund, a real estate-focused Alternative Investment Fund, remarked that the forthcoming growth phase would be shaped more by value appreciation than transaction volume.
Adding to this, Kirthi Chilukuri, Founder and Managing Director of Stonecraft Group, stated that Hyderabad continues to remain one of the most dynamic markets, supported by robust infrastructure upgrades, investor confidence, and strong demand in the mid- to high-end housing segments.
Source - PTI
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