India housing market Q3 2026: Hyderabad, Bengaluru lead sales surge in 7 cities even as inventory zooms 12%
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Housing sales are rising — but so is unsold stock
India's residential market bounced back in Q3 2026.
Housing sales across the top seven cities rose 3% year-on-year to around 1,00,220 units, according to Q3 2026 data from Anarock Research
But there is a catch.
Available housing inventory jumped 12% to nearly 6.31 lakh units.
More homes are being sold, but developers are also adding homes at a much faster pace
Housing sales across the top seven cities rose 3% year-on-year to around 1,00,220 units, according to Q3 2026 data from Anarock Research
But there is a catch.
Available housing inventory jumped 12% to nearly 6.31 lakh units.
More homes are being sold, but developers are also adding homes at a much faster pace
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Hyderabad and Bengaluru are driving the recovery
The headline numbers hide a sharp difference between cities.
Hyderabad recorded a 15% annual rise in sales, while Bengaluru grew 12%.
MMR remained the biggest market, selling approximately 31,750 homes, up 5% from a year earlier.
Together, MMR and Bengaluru accounted for 48% of all sales across the top seven cities.
The recovery is real — but it is not evenly spread across India.
Hyderabad recorded a 15% annual rise in sales, while Bengaluru grew 12%.
MMR remained the biggest market, selling approximately 31,750 homes, up 5% from a year earlier.
Together, MMR and Bengaluru accounted for 48% of all sales across the top seven cities.
The recovery is real — but it is not evenly spread across India.
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Hyderabad's sales are rising, but supply has exploded
Hyderabad recorded around 12,970 housing sales in Q3 2026, up 15% year-on-year.
But the bigger story is supply.
Developers launched approximately 18,950 homes, compared with 8,630 a year earlier.
That's a staggering 120% annual increase in new launches.
And 97% of this new supply was priced above ₹80 lakh.
Hyderabad is seeing strong demand, but developers are betting heavily on premium housing.
But the bigger story is supply.
Developers launched approximately 18,950 homes, compared with 8,630 a year earlier.
That's a staggering 120% annual increase in new launches.
And 97% of this new supply was priced above ₹80 lakh.
Hyderabad is seeing strong demand, but developers are betting heavily on premium housing.
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Bengaluru continues to gain ground
Bengaluru sold approximately 16,670 homes during Q3 2026.
That's a 12% annual increase.
New launches also rose 17% to around 17,720 units.
But the city's new supply is increasingly concentrated in higher price bands, with about 81% of launches priced between ₹80 lakh and ₹2.5 crore.
Strong sales are being accompanied by a clear shift towards higher-value homes.
That's a 12% annual increase.
New launches also rose 17% to around 17,720 units.
But the city's new supply is increasingly concentrated in higher price bands, with about 81% of launches priced between ₹80 lakh and ₹2.5 crore.
Strong sales are being accompanied by a clear shift towards higher-value homes.
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MMR is still India's biggest housing market
MMR remained the undisputed volume leader in Q3.
Around 31,750 homes were sold, the highest among the seven major markets.
Developers also launched approximately 37,500 new homes, up 27% year-on-year.
More than half of the new supply was priced below ₹80 lakh.
MMR is seeing both strong demand and aggressive new supply — a combination that could make the festive season particularly important.
Around 31,750 homes were sold, the highest among the seven major markets.
Developers also launched approximately 37,500 new homes, up 27% year-on-year.
More than half of the new supply was priced below ₹80 lakh.
MMR is seeing both strong demand and aggressive new supply — a combination that could make the festive season particularly important.
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Developers are building more expensive homes
New housing supply across the top seven cities jumped 18% year-on-year to approximately 1.14 lakh units.
The largest share — 34% — came from homes priced between ₹80 lakh and ₹1.5 crore.
Another 24% was in the ₹1.5 crore–₹2.5 crore range.
Homes below ₹40 lakh accounted for only 14% of new launches.
The affordable segment is taking a smaller share of what developers are bringing to the market.
The largest share — 34% — came from homes priced between ₹80 lakh and ₹1.5 crore.
Another 24% was in the ₹1.5 crore–₹2.5 crore range.
Homes below ₹40 lakh accounted for only 14% of new launches.
The affordable segment is taking a smaller share of what developers are bringing to the market.
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Prices Rise 7% While Inventory Climbs 12%
Average residential prices across the top seven cities increased 7% year-on-year, from around ₹9,105 to ₹9,714 per sq ft.
NCR recorded the highest annual price growth at 12%, followed by Bengaluru at 8%.
Meanwhile, available inventory increased from approximately 5.62 lakh homes to 6.31 lakh homes.
For buyers, that means more choice — but also higher prices.
Location, project quality and affordability could become increasingly important when choosing a home.
NCR recorded the highest annual price growth at 12%, followed by Bengaluru at 8%.
Meanwhile, available inventory increased from approximately 5.62 lakh homes to 6.31 lakh homes.
For buyers, that means more choice — but also higher prices.
Location, project quality and affordability could become increasingly important when choosing a home.
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The festive season could test the market
India's housing market enters the festive season with both momentum and pressure.
Sales have recovered, new launches are rising and borrowing costs remain stable.
But prices are climbing and inventory is building up.
Hyderabad and Bengaluru are showing strong sales growth, while MMR continues to dominate overall volumes.
The next few months will reveal whether festive demand can absorb the growing supply — particularly in the premium housing segment.
For buyers, the wider choice could mean more room to compare projects, prices and offers before making a decision.
Source: ANAROCK Research & Advisory — “Q3 2026 Housing Sales Rise 3% Y-o-Y in Top 7 Cities, New Launches Up 18%.”
Sales have recovered, new launches are rising and borrowing costs remain stable.
But prices are climbing and inventory is building up.
Hyderabad and Bengaluru are showing strong sales growth, while MMR continues to dominate overall volumes.
The next few months will reveal whether festive demand can absorb the growing supply — particularly in the premium housing segment.
For buyers, the wider choice could mean more room to compare projects, prices and offers before making a decision.
Source: ANAROCK Research & Advisory — “Q3 2026 Housing Sales Rise 3% Y-o-Y in Top 7 Cities, New Launches Up 18%.”