India’s housing market may touch a record ₹6.65 lakh crore in total sales value by the end of FY26 — but the number of homes sold may barely rise, according to fresh data from ANAROCK Research & Advisory.

The report points to a sharp disconnect between rising sales values and stagnant volumes, as luxury and high-ticket homes dominate demand in major cities.

Sales Value Soars, Volume Stalls

In FY25, the top seven cities collectively sold 4.22 lakh housing units worth ₹5.59 lakh crore — a 6% jump in value despite a 14% drop in sales volume.
For FY26, ANAROCK estimates that overall housing sales value will grow nearly 20% year-on-year, surpassing ₹6.65 lakh crore, while unit sales may grow no more than 4%.

“After peaking in FY24, overall absorption has slowed amid global and domestic headwinds,” said Dr. Prashant Thakur, Executive Director and Head of Research at ANAROCK.
“However, the total value of homes sold continues to climb as buyers shift to premium and luxury segments.”

Half-Year Numbers Already Cross 50% of FY25 Levels

During H1 FY26, over 1.93 lakh units were sold across the top seven cities for a combined ₹2.98 lakh crore, already 53% of FY25’s total sales value.

City performance varied sharply:

• NCR achieved 74% of its FY25 sales value in just six months.
• Chennai followed at 71%, while MMR lagged at 45% of last year’s total.

City-Wise Breakdown: Sharp Contrasts

• NCR: ~29,175 units sold in H1 FY26 worth ₹75,859 crore, compared to FY25’s 58,775 units (₹1,02,810 crore).
• Chennai: ~11,670 units sold worth ₹12,370 crore (FY25: 17,765 units, ₹17,387 crore).
• MMR (Mumbai Metropolitan Region): ~61,540 units sold worth ₹1,00,000+ crore (FY25: 1.44 lakh units, ₹2,23,220 crore).
• Bengaluru: ~29,955 units sold worth ₹43,627 crore (FY25: 62,440 units, ₹79,819 crore).
• Pune: ~32,030 units sold worth ₹30,324 crore (FY25: 74,200 units, ₹66,058 crore).
• Hyderabad: ~22,345 units sold worth ₹30,646 crore (FY25: 48,980 units, ₹59,243 crore).
• Kolkata: ~7,655 units sold worth ₹5,429 crore (FY25: 16,580 units, ₹10,753 crore).

Luxury Segment Leads the Charge

Nearly 42% of all new housing supply in H1 FY26 was in the luxury and ultra-luxury segments, ANAROCK data shows.
The steady appetite for premium homes — especially among high-income end-users and NRIs — has offset the slowdown in mid- and affordable housing categories.

“Luxury continues to drive value growth, while affordability challenges have limited momentum in the lower segments,” Dr. Thakur noted.
Average residential prices across cities have risen sharply, adding further pressure on first-time homebuyers.

Market Outlook

ANAROCK projects that the full-year FY26 performance will reflect a “value-led growth” cycle rather than volume-led expansion.
While housing demand remains healthy, the mix is shifting — fewer homes are being sold, but at much higher ticket sizes.

Also Read: Housing Sales Plummet by 28% in Q1 2025 Across India’s Top 7 Cities

The post Home Sales May Hit ₹6.65 Lakh Crore in FY26 — But Volumes Could Flatline appeared first on Square Feat India.

Year-on-year, registrations were 3.5% lower than August 2024 (11,632), and revenue was 5.8% lower than ₹1,061 crore in August 2024.

Registration & Stamp Duty Revenue — Recent Prints

Source: Maharashtra IGR; figures as shared

Quick Box: Where Did August Land vs Last Month & Last Year?

• MoM (Aug’25 vs Jul’25):
  • Registrations: –1,349 units (–10.7%)
  • Revenue: –₹230 cr (–18.7%)
• YoY (Aug’25 vs Aug’24):
  • Registrations: –402 units (–3.5%)
  • Revenue: –₹61 cr (–5.8%)

What This Means for the Market

1) Demand pause, not collapse:
Volumes cooled from July’s strong base, indicating a tactical pause amid higher prices and rate caution—not a structural slump (levels remain well above 2023).

2) Mix shift affects revenue:
A sharper MoM fall in stamp duty (–18.7%) than in registrations (–10.7%) hints at a lower average ticket size in August or fewer premium transactions.

3) Festive quarter is pivotal:
Developers will lean on festive launches and schemes (Sep–Nov). Expect targeted offers, subvention/CLP structures, and inventory push in mid-income segments.

4) Price discipline matters:
If pricing stays elevated without matching incentives, the YoY softness (–3.5% units) may persist. Limited, well-timed offers could quickly revive momentum.

Analyst Note

• April 2025 remains the FY26 high so far (13,080 registrations; ₹1,114 cr), setting a strong benchmark.
• Despite August softness, 2025 prints (Apr–Aug) continue to track above 2023 levels, underscoring a resilient base demand.

Also Read: Mumbai property registrations dips in July 2023

The post Mumbai Property Registrations Down 11% MoM in Aug 2025; Stamp Duty Revenue Slips 19% to ₹1,000 Cr appeared first on Square Feat India.

Emerging Trends: Tier-2 Cities and Mini-Metros Surge in Popularity

One of the most striking trends from the report is the rise of tier-2 cities and mini-metros as prime destinations for property seekers. Popular lifestyle destinations such as Goa, Nainital, Dehradun, Shimla, Karnal, and Rishikesh have witnessed remarkable year-on-year growth in residential demand. Goa, for instance, experienced an impressive 60.89% increase, while cities like Shimla and Nainital saw growths of 28% and 43%, respectively.

In addition to these hill stations and tourist hotspots, cities with strong religious significance have also become attractive options for real estate investors. Locations like Ayodhya, Puri, and Shirdi have witnessed a surge in demand, with Puri and Shirdi seeing increases of 52% and 67%, respectively.

Vastu Considerations: A Growing Trend

A unique and culturally significant trend emerging in the report is the rising preference for vastu-compliant homes. According to the findings, 51% of searches related to vastu preferences originated from Bengaluru, Hyderabad, and Mumbai. Regional preferences also varied, with Kolkata homebuyers particularly favoring Southeast-facing properties (22%), while in Ahmedabad, 49% of buyers sought East-facing homes. Similarly, Chennai buyers were notably inclined towards East-facing properties, with 30% prioritizing this direction in their searches.

Compact Homes and Higher Floors: Changing Preferences in Metro Cities

The report also reveals notable preferences in metro cities, where homebuyers are increasingly seeking compact homes and higher-floor residences. In Mumbai, 63% of homebuyers are looking for compact 2/2.5 BHK units. There is also a growing demand for higher floors, with 71% of Mumbai homebuyers searching for homes located on the 5th floor or higher. Additionally, 67% of Mumbai buyers expressed a preference for properties that include at least one parking spot.

In contrast, Delhi buyers have different demands. A striking 20% of Delhi homebuyers prioritize homes with at least three parking spaces, a preference not observed in other metros. Interestingly, only 17% of homebuyers in the capital showed interest in higher-floor properties, diverging from trends in cities like Mumbai.

Rental Market Preferences: Regional Differences in Furnishings

When it comes to the rental market, regional preferences also vary significantly. In the tech hubs of Bengaluru and Noida, 63% and 60% of home seekers prefer unfurnished rental homes, indicating a demand for personalized living spaces. On the other hand, Hyderabad presents a different trend, with 41% of renters favoring fully furnished homes. This highlights the significant regional differences in rental housing needs across India.

Concluding Insights

Magicbricks’ 2024 report paints a comprehensive picture of the changing dynamics in India’s real estate market. As homebuyers increasingly seek compact, vastu-compliant, and well-located homes, developers and investors must stay attuned to these shifting preferences. With rising demand in emerging cities and evolving needs in metro areas, the Indian real estate sector is poised for continued growth and transformation, offering exciting opportunities for both buyers and investors alike.

The report underscores the importance of understanding regional variations in home preferences, whether in the direction a home faces, its floor level, or even the type of furnishings in rental properties. As India continues to evolve, the real estate market is becoming more tailored to the diverse and dynamic aspirations of its homebuyers.

Also Read: Noida and Ahmedabad Lead Inventory Surge as Indian Real Estate Market Heats Up

The post How India Searched for Homes in 2024 appeared first on Square Feat India.