All-India Residential Market Activity & Overview

India's residential market remained resilient in Q2 2026, recording 89,161 new launches and 91,729 sales across the top eight cities. Launches moderated by 4.2% QoQ and sales declined by 4.4%, reflecting a combination of pre-monsoon seasonality, a strong Q1 base, and increased buyer caution amid geopolitical uncertainty arising from the US-Iran conflict.

Sales were 6.1% lower YoY, though the comparison is against the elevated base of Q2 2025. Developer confidence remained intact, with launches up 6.0% YoY. Premium housing continued to drive market value - the sales-weighted average price rose 1.0% QoQ to ₹10,153/sq ft, staying above the ₹10,000 mark for a second consecutive quarter, reinforcing the market's shift from volume-led activity to value-led growth.

Key Market Highlights

• 89,161 new launches across the top 8 cities in Q2 2026 - down 4.2% QoQ but up 6.0% YoY, signalling sustained developer confidence.
• 91,729 units sold - down 4.4% QoQ and 6.1% YoY against an elevated Q2 2025 base, indicating consolidation rather than a broad slowdown.
• ₹10,153/sq ft sales-weighted average price (+1.0% QoQ), the second straight quarter above the ₹10,000 benchmark.
• All 8 cities posted positive YoY price growth, from 4.4% in Chennai to 26.0% in Bengaluru.
• Kolkata led sequential sales growth at +22.0% QoQ on a strong post-election rebound.
• Chennai posted the strongest annual sales growth at +36.0% YoY.
• Pune crossed ₹8,000/sq ft for the first time, reaching ₹8,084/sq ft.
• MMR retained its position as India's largest residential market by both volume (24,112 sales) and value (₹15,422/sq ft).