India Home
Sales Value in FY26 May Grow ~20% Y-o-Y, Sales Volume to Stagnate
- Total sales value of housing
units sold in FY 2025 across the top 7 cities was approx. INR 5,59,290 Cr
for approx. 4,22,765 units sold
- Total sales value may exceed
INR 6.65 lakh Cr in FY 2026, recording double-digit growth
- However, sales volume across
these cities may stagnate; any growth will not exceed 4%
- H1 FY2026 has already
achieved 53% of the total sales value achieved in entire FY 2025
- City-wise, NCR & Chennai
raced ahead with approx. 74% & 71% overall sales value seen in entire
FY 2025: MMR lowest at 45%
- While sales volume dropped
14% y-o-y in FY 2025, sales value jumped 6% to INR 5,59,290 Cr – highest
since FY 2022
Mumbai,
November 10, 2025: As global
headwinds, geopolitical tensions, and high prices continue to roil markets,
residential sales volumes are stabilizing in the top 7 Indian cities.
Nevertheless, latest ANAROCK data reveals that the overall value of primary
housing market sales will record double-digit growth in the ongoing fiscal.
.jpg)
Dr. Prashant Thakur, Executive Director & Head – Research & Advisory, ANAROCK Group.
“Our
research shows that the overall housing sales value in FY26 may see over 19%
Y-o-Y growth across the top 7 cities to exceed INR 6.65 lakh Cr. In FY 2025,
the total sales value in these cities was about INR 5.59 lakh Cr, while sales
volume stood at about 4,22,765 units,” says Dr. Prashant Thakur, Executive
Director & Head – Research & Advisory, ANAROCK Group.
ANAROCK
data indicates that more than 1.93 lakh units were sold in the top 7 cities in
the H1 FY 2026 with the total sales value exceeding INR 2.98 lakh Cr. This is
already 53% of the total sales value clocked in entire FY 2025, which was >
INR 5.59 Lakh Cr).
“After
reaching a peak in overall absorption in FY2024, housing sales have tapered
down amid various headwinds,” said Dr. Thakur. “However, the sales value of the
total homes sold is growing. While sales volume plummeted by 14% y-o-y in FY
2025, the sales value jumped up 6% to INR 5,59,290 Cr – the highest since FY
2022. The current trends indicate potential double-digit sales value growth by
the end of the ongoing fiscal, even as sales volume either stagnates or sees
moderate growth not exceeding about 4%.”
This
sales value momentum is largely driven by the high-ticket priced homes across
cities as demand for luxury and ultra-luxury housing continues to outdo all
other segments. Developers are backing this demand with increased new supply in
these budget categories - 42% of the total new supply in H1 FY 2026 was
in the luxury and ultra-luxury categories combined. Average residential prices
across cites have also skyrocketed over the years, making home buying more
expensive.”
Source:
ANAROCK Research & Advisory
Total
Sales Value - City-wise Trends
In H1
FY2026, over 1.93 lakh homes were sold across the top 7 cities for a cumulative
sale worth of approx. INR 2,98,441 Cr.
City-wise,
NCR and Chennai outpaced other cities in H1 FY26 by already respectively
achieving 74% and 71% of the overall sales value of FY 2025. MMR achieved just
45% of the total sales value it recorded in previous fiscal.
- In NCR, approx.
29,175 units have been sold in H1 FY2026 worth INR 75,859 Cr. Back in FY
2025, a total of 58,775 units were sold, whose total sales value was
approx. INR 1,02,810 Cr. – the highest since FY 2022.
- Chennai witnessed total sales of
approx. 11,670 units in H1 FY26 worth approx. INR 12,370 Cr. In FY 2025,
the total units sold stood at 17,765 units while total sales value
recorded was approx. INR 17,387 Cr.
- Contrastingly, in MMR,
approx. 61,540 units have been sold in H1 FY2026 worth over INR 1 Lakh Cr.
Back in FY 2025, a total of 1.44 lakh units were sold, whose total sales
value was approx. INR 2,23,220 Cr.
- Meanwhile, Bengaluru
witnessed total sales of approx. 29,955 units in H1 FY26 worth approx. INR
43,627 Cr. In FY 2025, the total units sold stood at 62,440 units whose
total sales value was approx. INR 79,819 Cr.
- In Pune, approx.
32,030 units have been sold in H1 FY2026 worth INR 30,324 Cr. Back in FY
2025, a total of 74,200 units were sold, whose total sales value was
approx. INR 66,058 Cr. – the highest since FY 2022.
- Hyderabad witnessed total sales of
approx. 22,345 units in H1 FY26 worth approx. INR 30,646 Cr. In FY 2025,
the total units sold stood at 48,980 units whose total sales value was
approx. INR 59,243 Cr.
- In Kolkata, approx.
7,655 units have been sold in H1 FY2026 worth INR 5,429 Cr. Back in FY
2025, a total of 16,580 units were sold, whose total sales value was
approx. INR 10,753 Cr.
