• Residential sales across India’s top seven cities increased 6% year-on-year to 2,14,562 units during January–September 2026.
• Homes priced above Rs 1 crore accounted for 72% of total sales, compared with 62% in the corresponding period last year.
• The Rs 1.5 crore to Rs 3 crore category emerged as the biggest growth driver, recording a 54% increase in sales.
• Sales of homes priced below Rs 1 crore declined 23%, highlighting growing pressure on affordable and mass-market housing.
• Mumbai recorded 42,112 residential sales during the first nine months of 2026, registering a marginal 1% decline.
• Bengaluru, Hyderabad and Mumbai led the growth in new residential launches, with increases of 41%, 37% and 24%, respectively.

India’s residential property market recorded a 6% year-on-year increase in sales to 2,14,562 apartments across the country’s seven major cities during January–September 2026, reversing the 12% decline witnessed during the corresponding period last year. However, the recovery has come with a significant change in the composition of demand, as premium homes priced above Rs 1 crore accounted for 72% of total sales, while demand for homes priced below Rs 1 crore fell 23%, according to a report by JLL released on November 5, 2026.

The findings indicate that India’s housing market is increasingly being driven by buyers willing to spend more on larger homes, better specifications and projects by established developers. While the overall market has returned to growth, the decline in lower-priced housing sales raises questions about affordability and whether the recovery is reaching the wider homebuying population.

Premium housing accounts for 72% of India’s residential sales

The most significant finding in JLL’s January–September 2026 report is the increasing dominance of premium housing.

Apartments priced at Rs 1 crore and above recorded sales of 1,54,996 units during the first nine months of 2026, representing a 23% year-on-year increase. Their share in total residential sales increased from 62% during January–September 2025 to 72% during the same period this year.

The strongest performance came from the Rs 1.5 crore to Rs 3 crore category.

This segment recorded sales of 79,320 units, marking a 54% year-on-year increase. Its share of total residential sales increased from 25% in January–September 2025 to 37% in the corresponding period of 2026.

Other premium categories also recorded growth.

Homes priced between Rs 3 crore and Rs 5 crore witnessed a 12% increase in sales to 21,420 units, while properties priced above Rs 5 crore recorded a 15% increase to 13,852 units.

The numbers indicate that the growth in India’s residential property market is increasingly concentrated in higher-ticket housing, particularly the Rs 1.5 crore to Rs 3 crore segment.

Affordable housing faces another setback as sales decline 23%

While premium housing recorded strong growth, the affordable and mass-market segments continued to lose ground.

Sales of apartments priced below Rs 1 crore declined 23% year-on-year to 59,566 units during January–September 2026, compared with the corresponding period in 2025.

The decline was visible across both lower-priced categories.

Homes priced below Rs 50 lakh recorded a 36% fall in sales to 12,689 units. Their share of total residential sales declined from 10% to 6%.

Meanwhile, properties priced between Rs 50 lakh and Rs 1 crore recorded an 18% decline to 46,877 units. Their contribution to overall sales fell from 28% to 22%.

Combined, homes priced below Rs 1 crore accounted for just 28% of total residential sales during January–September 2026, compared with 38% a year earlier.

This shift presents a significant challenge for the broader housing market.

Although developers are witnessing stronger demand for premium apartments, buyers looking for relatively affordable homes appear to be facing increasing affordability pressures.

For first-time homebuyers and middle-income households, the narrowing availability of homes within their purchasing capacity could make entering the property market increasingly difficult.

Mumbai records 42,112 home sales, but Bengaluru overtakes it

Mumbai continued to remain one of India’s largest residential markets, recording 42,112 apartment sales during January–September 2026.

However, the city registered a marginal 1% year-on-year decline compared with the corresponding period last year.

The JLL report includes Mumbai city, Mumbai suburbs, Thane city and Navi Mumbai in its Mumbai market classification.

Bengaluru emerged as the largest market among the seven cities, recording 54,225 residential sales during the first nine months of 2026, an 18% increase year-on-year.

Pune recorded 35,153 sales, but witnessed a 13% decline, the sharpest contraction among the major markets.

Hyderabad recorded 29,112 sales, registering 16% growth, while Delhi NCR witnessed an 8% increase to 30,242 units.

Chennai recorded 13,094 sales, marking a 22% increase, the highest growth rate among the seven cities. Kolkata recorded 10,624 sales, with volumes remaining broadly unchanged year-on-year.

The city-wise numbers highlight an uneven recovery, with some markets witnessing substantial growth while others are struggling to maintain their previous sales momentum.

Third-quarter sales increase 12% as Hyderabad leads quarterly recovery

Looking specifically at the July–September 2026 quarter, residential sales across the seven cities increased 12% quarter-on-quarter to 76,181 units.

This was higher than the 67,974 units recorded during Q3 2025.

Hyderabad led the quarterly recovery, recording a 70% increase in sales to 13,045 units compared with 8,423 units in Q3 2025.

Kolkata followed with 28% growth, while Bengaluru recorded a 13% increase.

Chennai also recorded a strong performance, with sales increasing to 4,507 units from 3,926 units in the corresponding quarter last year.

However, Mumbai witnessed a 2% quarterly decline, recording 13,595 sales compared with 13,628 units in Q3 2025.

Delhi NCR recorded a 5% decline in quarterly sales.

Bengaluru, Mumbai and Pune together accounted for approximately 60% of national sales volume during Q3 2026, retaining their combined share compared with the corresponding period last year.

New residential launches increase 15% as developers chase premium demand

The increase in residential sales has also encouraged developers to introduce additional housing supply.

Residential launches across India’s seven major cities increased 15% year-on-year to 2,59,425 units during January–September 2026.

Bengaluru led the expansion with 66,497 new residential units launched, registering a 41% increase.

Mumbai followed with 52,116 launches, marking a 24% increase, while Hyderabad recorded 39,799 launches, a 37% rise.

Delhi NCR witnessed a 9% increase in launches to 33,032 units.

However, the supply picture was different in some other markets. Chennai recorded a 7% decline in launches to 16,589 units, Kolkata witnessed a 26% contraction to 11,215 units, and Pune recorded a 7% decline to 40,177 units.

During Q3 2026 alone, new launches across the seven cities reached 90,918 units, representing a 28% year-on-year increase over the 70,915 units recorded in Q3 2025.

The launch activity suggests that developers are continuing to align their project pipelines with demand for premium and higher-value residential properties.

Bengaluru leads property price appreciation with 15% growth

Rising demand for premium housing has also been accompanied by an increase in residential capital values.

According to JLL, Bengaluru recorded the highest year-on-year capital value appreciation among the seven major cities during Q3 2026, with prices increasing 15%.

Chennai followed with 12% appreciation, while Kolkata recorded an 11% increase.

Delhi NCR witnessed a 10% rise, while Mumbai recorded 8% appreciation.

Pune registered the lowest increase among the seven markets at 6%, consistent with its relatively weaker sales performance over recent quarters.

JLL attributed the appreciation to robust market fundamentals, rising construction costs and steady homebuyer demand, particularly in premium residential segments.

What JLL says about India’s changing housing market

Siva Krishnan, Senior Managing Director (Chennai & Coimbatore) and Head – Residential Services, India, JLL, said the first nine months of 2026 reaffirmed the structural shift towards premium and larger-format homes.

He highlighted the 54% growth in the Rs 1.5 crore to Rs 3 crore segment and noted that developers had responded to this demand with a substantial increase in launches.

According to him, the mass housing segment continues to witness demand moderation, indicating a clear divide in buyer preferences.

JLL expects the premium-led growth pattern to remain a defining feature of India’s residential property market through the remainder of 2026.

What does this mean for homebuyers?

The latest numbers point towards a housing market that is recovering in terms of sales volumes but becoming increasingly concentrated in higher-priced properties.

For developers, the trend provides an incentive to launch more premium projects, particularly in markets where demand for larger apartments and higher specifications remains strong.

For homebuyers, however, the picture is more complicated.

The 23% decline in sales of homes priced below Rs 1 crore suggests that the recovery in the housing market is not uniform. Buyers with relatively smaller budgets continue to face affordability constraints even as higher-value properties find increasing demand.

Another important indicator is the 15% increase in residential sales value during the first nine months of 2026, according to JLL. The growth in sales value outpaced the 6% increase in the number of apartments sold, reflecting the increasing contribution of higher-ticket properties.

This distinction is important because rising transaction values do not necessarily mean that more households are finding homes within their budgets.

The Indian residential property market is therefore witnessing two different trends simultaneously: stronger demand for premium housing and a continuing slowdown in the affordable and mass-market segments.

Whether this recovery can become broad-based will depend on how effectively developers address the demand for homes that remain financially accessible to middle-income and first-time buyers.

Also Read: India’s Real Estate Market Shows Resilience in 2025 Despite Global Headwinds

The post Premium Homes Dominate India’s Housing Market as Sales Rise 6% in 2026 appeared first on Square Feat India.

But the more significant story lies on the supply side.

New housing launches increased by a much sharper 18% year-on-year to approximately 1,14,320 units during Q3 2026. At the same time, available inventory rose 12% to nearly 6.31 lakh units.

The numbers therefore present a market that is growing, but where supply is expanding considerably faster than sales.

The gap between sales and new launches is particularly important for developers and homebuyers. While end-user demand remains resilient, buyers are becoming more selective amid higher property prices and affordability concerns.

According to Anarock Research, the total value of homes sold across the seven markets also increased, rising 2% from approximately ₹1.52 lakh crore in Q3 2025 to ₹1.55 lakh crore in Q3 2026.

Q3 2026 MARKET SNAPSHOT

1,00,220 units — Housing sales
+3% YoY — Sales growth
₹1.55 lakh crore — Approximate sales value
1,14,320 units — New launches
+18% YoY — Growth in new supply
6.31 lakh units — Available inventory
+12% YoY — Inventory growth
+7% YoY — Average residential price growth

Sales Recover, But Growth Remains Measured

Housing sales increased 3% annually in Q3 2026, but the quarterly recovery was more pronounced.

Sales rose 10% from approximately 90,715 units in Q2 2026 to 1,00,220 units in Q3.

This indicates that the residential market regained momentum after a relatively weaker second quarter.

However, the annual increase of just 3% shows that the market is not experiencing a broad-based surge in volumes.

The data instead points towards a market where demand remains present but buyers are increasingly selective.

Anarock Chairman Anuj Puri said resilient end-user demand supported the recovery, while higher prices and affordability concerns continued to keep growth measured.

Sales growth: quarterly versus annual

MMR Remains India’s Largest Housing Market

The Mumbai Metropolitan Region remained the largest contributor to housing sales among the seven cities.

MMR recorded approximately 31,750 units of sales in Q3 2026, representing a 5% annual increase and an 11% quarterly increase.

Bengaluru followed with approximately 16,670 units, up 12% year-on-year.

Together, MMR and Bengaluru accounted for 48% of total housing sales across the seven markets.

Hyderabad was the strongest annual growth market, with sales increasing 15% to approximately 12,970 units.

City-wise housing sales

The city-wise numbers reveal that the national 3% growth is being driven by a relatively narrow group of markets.

MMR, Bengaluru and Hyderabad all recorded annual growth, while Pune, NCR, Chennai and Kolkata saw year-on-year declines.

This is important because it shows that India’s residential market is not moving uniformly.

Hyderabad Emerges as the Fastest-Growing Sales Market

Hyderabad stands out on the demand side.

Housing sales increased 15% both quarterly and annually, reaching approximately 12,970 units.

This makes Hyderabad the only market alongside Bengaluru and MMR to record a substantial annual increase in sales among the seven cities.

More importantly, Hyderabad is also witnessing a massive expansion in new supply.

The city launched approximately 18,950 units in Q3 2026, compared with 8,630 units in Q3 2025 — a 120% annual increase.

That creates an interesting demand-supply equation.

HYDERABAD: DEMAND VS SUPPLY

Housing sales: +15% YoY

New launches: +120% YoY

The increase in supply is therefore dramatically larger than the increase in sales.

This does not necessarily indicate immediate stress in the market, but it does mean Hyderabad’s inventory trajectory will be important to monitor as new projects enter the market.

MMR Leads Both Sales and New Supply

MMR occupies an unusual position in the Q3 data.

It was the largest market for sales, at 31,750 units, but it was also the largest market for new launches, at approximately 37,500 units.

New supply increased 27% year-on-year and 9% quarter-on-quarter.

More than 51% of MMR’s new supply was in the below-₹80 lakh segment.
This is significant because MMR is generally associated with high residential prices, yet more than half of the quarter’s new supply was below ₹80 lakh.

That suggests developers are continuing to introduce a significant volume of relatively lower-ticket housing within the region.

Bengaluru Continues to Show Strong Demand

Bengaluru recorded approximately 16,670 housing sales during Q3, up 12% annually.

New supply also increased, rising 17% year-on-year to approximately 17,720 units.

Approximately 81% of Bengaluru’s new supply fell within the ₹80 lakh to ₹2.5 crore price range.

The city therefore continues to show a relatively strong balance between demand and new project additions, although the supply increase remains larger than its sales growth in percentage terms.

Pune’s Quarterly Recovery Hides an Annual Decline

Pune presents another interesting case.

Sales rose 20% quarter-on-quarter to 15,690 units, the strongest quarterly increase among the seven markets.

However, sales remained 6% below Q3 2025.

New launches followed a similar pattern: supply increased 47% from Q2 but was still 3% below the level recorded a year earlier.

Pune therefore illustrates why looking only at quarterly numbers can give an incomplete picture.

The city experienced a strong sequential recovery, but its annual numbers remain weaker.

New Launches Outpace Sales

The biggest analytical takeaway from the Q3 data is the widening gap between new supply and sales.

Approximately 1,14,320 homes were launched, compared with 1,00,220 homes sold during the quarter.

That means new launches exceeded sales by roughly 14,100 units.

The supply-demand equation

This does not mean all 14,100 additional units became unsold inventory during the quarter, because the inventory position also depends on existing stock, project completion schedules and other market dynamics.

However, it does indicate that developers are bringing homes to market at a faster pace than the rate at which homes are being absorbed.

That makes the quality and location of new launches increasingly important.

The ₹80 Lakh–₹1.5 Crore Segment Dominates New Supply

The largest share of new supply during Q3 came from homes priced between ₹80 lakh and ₹1.5 crore.

This segment accounted for 34% of new launches.

The ₹1.5 crore–₹2.5 crore segment accounted for another 24%.

Together, these two categories represented 58% of new supply.

The most striking number is the relatively small share of affordable housing.

Homes below ₹40 lakh accounted for only 14% of new supply.

AFFORDABILITY WATCH

The largest supply segment is now ₹80 lakh–₹1.5 crore, while homes below ₹40 lakh account for only 14% of new launches.

This creates an important question for the residential market: Is new supply being aligned with the affordability levels of the largest pool of potential homebuyers?

The source itself notes that buyers are likely to remain selective because of higher prices and increasing affordability concerns.

Inventory Rises 12%

Available housing inventory across the seven cities increased 12% year-on-year.

Inventory rose from approximately 5,61,760 units at the end of Q3 2025 to approximately 6,30,590 units at the end of Q3 2026.

Inventory was approximately 6,16,500 units at the end of Q2 2026.

Inventory movement

This is an important metric for the market because inventory is rising faster than sales.

For developers, this makes project-level sales velocity increasingly important.

For buyers, however, higher inventory can mean more choice and potentially greater negotiating power, particularly in markets or projects where absorption is slower.

Prices Rise 7%, But Quarterly Growth Is Only 1%

Average residential prices across the seven cities rose 7% year-on-year in Q3 2026.

The average price increased from approximately ₹9,105 per sq ft in Q3 2025 to ₹9,714 per sq ft in Q3 2026.

However, the quarterly increase was only 1%. NCR recorded the highest annual price growth at 12%, followed by Bengaluru at 8%.

The relatively modest 1% quarterly increase suggests that the pace of price appreciation has moderated in the short term, even though annual prices remain significantly higher.

Sales Value Rises Only 2% Despite 3% Volume Growth

Another interesting signal comes from the relationship between sales volumes and total sales value.

Housing sales increased 3% year-on-year, but the total value of sales rose only 2%.

This indicates that the increase in transaction volumes has not been accompanied by an equivalent increase in aggregate sales value.

The data does not provide enough information to attribute this difference to a specific change in ticket sizes, but it reinforces the broader picture of a market where volume growth remains measured.

The Market Is Becoming More Selective

Anarock’s assessment is that the upcoming festive season could support residential demand, helped by festive sentiment, stable borrowing costs and a healthy new-launch pipeline.

However, the research firm also expects buyers to remain selective because of higher prices and affordability concerns.

Anarock Chairman Anuj Puri said:

“Demand is resilient, but we expect more measured growth – well-priced, well-located projects that align with the current demand profile will outperform others this festive season.”

This is perhaps the most important interpretation of the Q3 numbers.

The market is not showing a collapse in demand. But neither is it showing a broad-based volume boom.

Instead, demand appears to be increasingly concentrated around projects that fit buyers’ expectations on price, location and product.

What the Q3 Numbers Mean for Developers

For developers, the data presents both an opportunity and a warning.

The opportunity is clear: more than one lakh homes were sold in the quarter, and the market recovered strongly from Q2.

The warning is that new supply is growing much faster than sales.

With inventory also up 12%, developers may need to pay greater attention to sales velocity rather than simply launching additional inventory.

The strongest-performing markets may continue to support new supply, but the price positioning of projects becomes increasingly important as buyers become more selective.

What the Numbers Mean for Homebuyers

For homebuyers, the Q3 data provides a somewhat different picture.

There is substantially more new supply entering the market, and overall inventory has increased.

That means buyers have more options across several major cities.

However, average prices remain 7% higher than a year earlier, and the largest supply segment is concentrated between ₹80 lakh and ₹1.5 crore.

Therefore, greater choice does not necessarily mean cheaper homes.

The key issue for buyers is increasingly likely to be the relationship between price, location, project quality and affordability.

Seven-City Residential Market: The Numbers at a Glance

The Bottom Line

The Q3 2026 residential market data presents a picture of recovery, but not runaway growth.

Sales have returned to the one-lakh-unit quarterly level across the top seven cities, increasing 3% year-on-year and 10% sequentially.

But developers have been considerably more aggressive on supply, with new launches rising 18% annually.

That imbalance has contributed to a 12% increase in available inventory.

At the same time, average prices are still moving upward, rising 7% annually, although quarterly price growth has slowed to 1%.

The regional picture is equally important.

MMR remains the country’s largest residential market by both sales and new supply. Bengaluru continues to record strong demand. Hyderabad is showing the strongest annual growth in sales, but its 120% increase in new supply makes inventory trends particularly important. Pune has recovered sharply quarter-on-quarter but remains below its year-ago sales level.

The overall market therefore appears to be entering a phase where the quality of demand may matter more than the quantity of launches.

With the festive season approaching, the next quarter will show whether the current recovery can translate into stronger annual growth — or whether rising inventory and affordability concerns keep the market’s expansion measured.

Also Read: MMR clocks residential sales of Rs 39,170 Crores in Oct-Dec Quarter

The post Housing Sales Rise 3% in Q3 2026 as New Launches Jump 18% appeared first on Square Feat India.

An analysis by ANAROCK Research of investor presentations of 11 leading listed developers estimates their combined pre-sales to rise 22.3% year-on-year, from ₹1.49 lakh crore in FY26 to ₹1.82 lakh crore in FY27. The projections indicate that demand for organised and branded housing remains resilient, even as the rapid pace of sales growth seen in the post-pandemic period begins to moderate.

Of the 11 developers analysed, 10 are expected to report positive pre-sales growth in FY27, while one is projected to see a marginal decline, largely because of a high base in the previous year. Nearly half of the developers are expected to deliver more than 20% growth in pre-sales.

Oberoi, Puravankara and Mahindra among fastest-growing players

The projections show considerable variation across developers, reflecting differences in launch pipelines, project completion schedules and the markets in which they operate.

Oberoi Realty has the highest projected growth, with pre-sales estimated to jump 141% to ₹13,000 crore in FY27 from ₹5,400 crore in FY26.

Puravankara follows with an estimated 51% increase to ₹11,200 crore, while Mahindra Lifespaces is projected to grow 41% to ₹4,800 crore.

Sobha’s pre-sales are estimated to rise 31% to ₹10,600 crore, while Rustomjee is projected to record 25% growth at ₹5,000 crore.

Brigade Enterprises and Signature Global are each expected to grow 22%, reaching ₹9,000 crore and ₹10,000 crore, respectively.

Prestige Estates is projected to report an 18% increase to ₹35,300 crore, while Lodha is estimated to grow 17% to ₹24,000 crore. Godrej Properties is expected to increase pre-sales by 14% to ₹39,000 crore.

DLF is the only developer in the group projected to remain broadly flat, with FY27 pre-sales estimated at ₹20,000 crore against ₹20,100 crore in FY26.

FY27 pre-sales projections

Why are homebuyers continuing to spend?

The numbers suggest that the housing market is undergoing a change in composition rather than a broad-based slowdown.

While unit sales growth has moderated in several markets, booking values remain strong. ANAROCK attributes this to rising average selling prices, larger apartment sizes and continued demand for premium homes.

In other words, developers may not necessarily be selling dramatically more units, but the value of each booking is increasing.

This is particularly important for the organised residential sector. Buyers are increasingly prioritising developers with established brands, stronger balance sheets, transparent financial disclosures, proven execution capabilities and a track record of timely delivery.

The trend represents what ANAROCK describes as a continued “flight to quality” in the housing market.

For homebuyers, this means the choice of developer is becoming increasingly important. A strong brand does not automatically eliminate project-level risks, but financially stronger developers can potentially provide greater confidence around construction, funding and delivery compared with weaker or undercapitalised players.

Inventory levels remain under control

Another positive indicator is the inventory position of these developers.

According to ANAROCK, the inventory-to-annual-bookings ratio based on FY27 estimates ranges from just 0.07x to 2.70x. Most of the developers have inventory equivalent to less than 1.5 years of annual bookings.

A lower inventory-to-sales ratio generally indicates that developers are not sitting on excessive unsold stock relative to their annual sales velocity.

For the industry, this reduces the immediate risk of a large inventory overhang. It also suggests that developers are increasingly matching new launches with actual demand rather than aggressively creating supply without sufficient absorption.

For homebuyers, controlled inventory can have mixed implications. On one hand, it indicates a healthier market and lowers the likelihood of distressed discounting caused by excessive unsold stock. On the other, strong demand and limited availability in desirable projects can keep prices firm.

Higher prices are changing the meaning of sales growth

The increase in booking values also highlights a critical feature of India’s current housing market: the market is becoming more expensive.

Rising average selling prices, larger homes and stronger premium-housing demand are pushing the overall value of residential sales higher.

This means a 20% increase in pre-sales value should not automatically be interpreted as a 20% increase in the number of homes sold.

For homebuyers, the distinction is important. A developer can report strong growth in booking value even if unit sales growth is considerably lower, simply because homes are being sold at higher prices or buyers are purchasing larger apartments.

The trend also indicates that the premium and upper-mid segments continue to play an important role in supporting the industry’s growth.

Balance sheets remain a key strength

ANAROCK’s broader analysis of listed developers also points to financial discipline.

Aggregate net debt among the larger group of listed developers remained largely stable in FY26 compared with FY25, even as their combined pre-sales increased by around 18%.

This suggests that a significant portion of the growth was supported by internal accruals and operating cash flows rather than being driven primarily by fresh borrowing.

Several developers also continued to maintain net cash positions, with cash and cash equivalents exceeding outstanding debt. Most of these companies further increased their net cash surplus during FY26.

This is significant for the sector because residential development is capital intensive. Developers need substantial funds for land acquisition, construction, approvals, marketing and project execution.

A stronger balance sheet gives companies greater flexibility to launch projects, acquire land and withstand periods of weaker sales without depending excessively on external borrowing.

For lenders and investors, it also improves the risk profile of established developers.

Listed and Grade A developers gaining market share

The growing dominance of organised developers is also visible in new launches across India’s major residential markets.

ANAROCK data shows that the combined share of listed and Grade A developers in new launches increased across most major cities between FY26 and Q1 FY27.

In the National Capital Region, their share increased from 66% to 70%. Bengaluru saw an increase from 53% to 57%, while Pune moved from 45% to 46%.

Hyderabad recorded an increase from 36% to 39%, Chennai from 58% to 60%, and Kolkata from 41% to 43%.

The Mumbai Metropolitan Region also recorded an increase, although the share remains comparatively lower, rising from 24% in FY26 to 26% in Q1 FY27.

This indicates that larger, financially stronger and more organised developers are gradually increasing their presence in the new-launch market.

What does this mean for MMR homebuyers?

The MMR numbers are particularly relevant for Mumbai, Navi Mumbai, Thane and surrounding residential markets.

Listed and Grade A developers accounted for 26% of new launches in MMR during Q1 FY27, up from 24% in FY26.

The increase points to growing participation by organised developers in a market where land costs, construction expenses and regulatory requirements are already high.

For buyers, greater participation by established developers could mean more competition around product quality, amenities, project execution and financing. However, it does not necessarily mean lower prices.

Mumbai’s structural land constraints and sustained demand mean that prices can remain elevated even as the quality and scale of developers improve.

Homebuyers therefore need to evaluate projects on factors such as location, carpet area, all-in cost, possession timeline, MahaRERA compliance, developer track record and the financial viability of the specific project rather than relying solely on the developer’s brand.

The bigger picture: organised housing gaining strength

The FY27 projections point to a broader structural transformation in India’s residential real estate sector.

The market is increasingly shifting towards developers with stronger balance sheets, established brands and the ability to execute large projects at scale.

The post-pandemic housing boom may be normalising, but ANAROCK’s numbers suggest that the underlying demand remains healthy.

The projected 22.3% increase in combined pre-sales among the 11 developers is particularly significant because it comes at a time when home prices have risen substantially and global economic and geopolitical conditions remain uncertain.

The industry therefore appears to be moving from a period of broad-based volume-led expansion towards a more selective, value-led growth phase.

For developers, disciplined launches, careful capital allocation and strong execution will become increasingly important.

For homebuyers, the message is equally clear: demand remains strong, and there may be limited scope for a broad-based correction driven simply by weaker sales. At the same time, the increasing strength of organised developers could provide greater choice and confidence, particularly for buyers who prioritise execution and delivery certainty.

The projected ₹1.82 lakh crore in FY27 pre-sales is therefore more than just a sales target. It is an indicator of how India’s organised residential market is consolidating around financially stronger developers while homebuyer demand remains resilient despite higher prices and a more uncertain global environment.

Also Read: Realty Stocks Slide as Crude Hits $92 and Trump Hits Pharma With 100% Tariff

The post Listed Developers Target ₹1.82 Lakh Crore Pre-Sales in FY27 as Homebuyer Demand Holds Firm appeared first on Square Feat India.

Property Details

The apartment is located in the premium residential project Godrej Sky Terraces and offers:

• Carpet area: 1,402 sq. ft.
• Total area: 1,516.20 sq. ft.
• Parking: Two car spaces
• Stamp duty: ₹35.90 lakh
• Registration charges: ₹30,000

This purchase follows another major investment by the couple—two apartments in the same building acquired in March 2025 for ₹21.1 crore, indicating a strong long-term real estate bet in the locality.

Why Chembur-Deonar Is Attracting Premium Buyers

Chembur-Deonar has steadily emerged as one of Mumbai’s most strategically located residential zones thanks to its strong connectivity and infrastructure advantages:

• Direct access to Eastern Express Highway and Sion–Panvel Highway
• Connectivity via Eastern Freeway
• Railway access on Harbour Line
• Link to Mumbai Monorail network

Its proximity to major business hubs such as Bandra Kurla Complex, Lower Parel, and Navi Mumbai makes it particularly attractive to professionals and investors. The suburb also offers established social infrastructure, including schools, hospitals, malls, and recreation zones, creating a balanced lifestyle environment.

Celebrity Investments Reflect Market Confidence

High-value property purchases by celebrities and public figures often signal confidence in a micro-market’s long-term prospects. Real estate analysts note that such investments tend to reinforce demand momentum, especially in premium segments where brand-name buyers influence perception and pricing.

Devisha Yadav, a professional dance coach known for maintaining a relatively private lifestyle, has frequently been seen supporting her husband at international cricket matches and IPL games. Her latest purchase underscores the growing trend of affluent buyers investing in spacious, amenity-rich residences within well-connected city neighborhoods.

Also Read: Cricketer Suryakumar Yadav Bought a ₹21.11 Crore Home in Deonar

The post Cricket Star SuryaKumar Yadav’s Wife Devisha Buys ₹7.18 Crore Deonar Apartment appeared first on Square Feat India.

The survey suggests that while expectations have become more measured, confidence remains intact. Nearly 67% of HNIs and UHNIs remain bullish on India’s economic growth over the next 12–24 months, even as global headwinds persist. Reflecting this realism, 72% of respondents expect India’s GDP growth to stabilise at 6–7% in FY27, signalling moderation—but not pessimism.

Real Estate Seen as a Safe, Long-Term Bet

Amid volatile equity markets and currency concerns, luxury housing continues to stand out as a dependable asset. About 67% of wealthy investors expect annualised real estate returns of up to 15%, reinforcing property’s appeal as a combination of capital appreciation, rental income, and lifestyle security.

Importantly, demand is not driven purely by speculation. The survey reveals a balanced buyer profile, with 53% purchasing luxury homes for capital appreciation and 47% buying for self-use, underlining a growing preference for ownership rooted in permanence and personal consumption.

City-based luxury homes remain the top choice. 31% of respondents prioritised primary residences, while 30% focused on residential investment assets within cities, reflecting continued faith in premium urban micro-markets despite higher entry prices.

Selective Buying Replaces Frenetic Demand

While appetite remains strong, buyers are no longer indiscriminate. The report highlights that the red-hot momentum of 2025—marked by record sales from listed developers and marquee transactions across Mumbai, Delhi-NCR, Goa, and Alibaug—has carried into 2026 with greater selectivity.

Tightening inventory of high-quality projects and rising prices have softened interest in second homes. Among those still exploring the segment, 46% prefer farmhouses near city peripheries, while 33% favour hill or mountain destinations, pointing to lifestyle-led purchases rather than aggressive yield chasing.

Luxury buyers today are prioritising privacy, design excellence, wellness features, and service-led living, forcing developers to recalibrate offerings toward fewer, more differentiated projects in proven locations.

Wealth Creation Continues to Fuel Demand

The survey underscores that India’s luxury housing demand is structurally supported by wealth creation. The rise of startup founders, next-generation entrepreneurs, and senior professionals, alongside traditional business families, has broadened the luxury buyer base.

In 2025, 103 Indian companies raised ₹1.76 lakh crore through IPOs, significantly boosting liquidity among affluent investors.

Commenting on the findings, Amit Goyal, Managing Director, India Sotheby’s International Realty, said,

“Even as markets show signs of moderation, luxury homebuyers continue to take a long-term view. For many, real estate represents permanence—an asset that blends capital efficiency, lifestyle value, and generational continuity. Demand has clearly shifted from scale to substance.”

Prime Assets to Outperform as Prices Cool

While overall optimism remains high, expectations around price growth have cooled. More than half of the respondents expect luxury residential prices to moderate in FY 2026–27, reflecting a maturing market rather than a slowdown.

Currency volatility has also emerged as a concern, with many HNIs and UHNIs monitoring the rupee’s depreciation against the dollar and selectively exploring overseas or dollar-linked assets. Despite this, real estate continues to hold its ground as a preferred physical asset.

Ashwin Chadha, CEO, India Sotheby’s International Realty, noted,

“India’s wealth creation and real estate growth have moved in tandem. While buying decisions are now more cautious, prime urban luxury homes will continue to outperform due to scarcity, defensibility, and long-term relevance.”

A More Professional, Disciplined Market

The survey points to a growing trend of portfolio consolidation and professionalisation. Over half of respondents are considering streamlining their property holdings, and an increasing number are relying on professional advisors rather than informal networks or local brokers.

Overall, the findings indicate that India’s luxury housing market is not immune to moderation—but it is far from losing momentum. For the country’s wealthiest buyers, luxury homes remain a strategic bet in uncertain times, anchored in quality, location, and long-term confidence in India’s growth story.

Also Read: Luxury Homes Appreciate 24%

The post While Markets Slow, India’s Rich Keep Betting Big on Luxury Homes appeared first on Square Feat India.

The city’s appetite for premium housing remained strong, as registrations of homes priced above ₹1 crore surged 73% YoY, contributing 54% of the total transaction value in October.

Key Highlights

• 6,194 residential properties worth ₹4,512 crore were registered in October 2025.
• The weighted average price of registered properties rose 15% YoY.
• 23% of homes registered were priced above ₹1 crore, up from 14% a year ago.
• 68% of homes registered measured 1,000–2,000 sq ft, while 16% exceeded 2,000 sq ft.
• Rangareddy district led registrations with 47%, followed by Medchal-Malkajgiri (39%) and Hyderabad (14%).
• Weighted average price: ₹4,729 per sq ft across the market, with Rangareddy seeing the sharpest rise of 22% YoY.
• Top transactions: Five luxury properties valued above ₹10 crore — three in Banjara Hills, two in Puppalguda.

Premiumization Trend Continues

The surge in high-value transactions reaffirms Hyderabad’s status as one of India’s most aspirational housing markets.
While total registrations grew modestly, the cumulative value of properties registered between January and October 2025 touched ₹43,048 crore, up 25% YoY, despite a 5% dip in total units registered compared to last year.

This reflects a clear shift toward larger, more luxurious homes, backed by higher disposable incomes and strong buyer sentiment.

Market Overview

• Homes under ₹50 lakh: 55% of all registrations (down from 59% YoY)
• Homes between ₹50 lakh–₹1 crore: 23% share (down from 27%)
• Homes above ₹1 crore: 23% share (up from 14%)

Among the city’s districts, Rangareddy continued to dominate, buoyed by strong residential and commercial development, while Hyderabad Central remained the preferred choice for ultra-luxury housing.

Expert Take

Shishir Baijal, Chairman and Managing Director, Knight Frank India, said:

“Hyderabad’s residential market continues to reflect strong festive momentum. The sharp 73% surge in registrations of homes priced above ₹1 crore reflects the city’s growing shift toward larger, high-value residences. This sustained demand highlights Hyderabad’s emergence as one of India’s most aspirational housing markets, defined by resilient buyer sentiment and a clear preference for quality living.”

The Bigger Picture

Hyderabad’s premium segment is no longer a niche — it’s defining the city’s housing landscape. With growing tech-sector prosperity, improved infrastructure, and a strong appetite for lifestyle-oriented homes, the city’s market outlook remains bullish going into 2026.

Also Read: How Food & Beverage Is Changing India’s Shopping & Real Estate Spaces

The post Hyderabad Home Registrations Rise 5% YoY in October 2025; Premium Homes Above ₹1 Cr Surge 73% appeared first on Square Feat India.

Mumbai, October 07, 2025 — India’s residential real estate market maintained steady growth in the third quarter of 2025, driven by strong demand for premium homes. According to Knight Frank India’s quarterly update, 87,603 housing units were sold across the top eight cities in Q3 2025 — a 1% year-on-year (YoY) increase, defying expectations of a slowdown.

Supply remained stable, with 88,655 new units launched, a marginal 2% YoY decline. Price growth persisted across all markets, underpinned by easing inflation, improved liquidity, and supportive macroeconomic conditions.

Inflation cooled to 2.07% in August 2025, down from 3.65% a year ago. The RBI’s FY 2026 GDP forecast was raised to 6.8%, and the repo rate stood 100 bps lower than end-2024 — factors that bolstered end-user confidence and homebuying sentiment.

City-wise Residential Sales Performance — Q3 2025

Mumbai led with 24,706 units sold, contributing 28% of total sales. Chennai stood out with 12% YoY growth, its highest post-pandemic performance. NCR and Bengaluru maintained steady volumes, while Pune was the only laggard with an 8% decline.

Premium Housing Emerges as Growth Driver

Premium housing continued its upward trajectory, marking a structural shift in buyer demand. Units priced below ₹1 crore saw their share of sales decline to 48% in Q3 2025 from 54% a year earlier. In contrast, sales of homes priced over ₹1 crore rose to 52%, growing 15% YoY.

The ₹1–2 crore segment accounted for 28% of total sales, making it the largest by volume. Ultra-luxury categories like ₹10–20 crore recorded a 170% surge YoY, albeit on a lower base.

Ticket-Size Segment Sales — Q3 2025

Gulam Zia, Senior Executive Director – Valuation, Advisory and Research, Knight Frank India, observed that premium housing has “decisively taken centre stage,” reflecting changing urban aspirations for larger, better-quality homes.

New Launches See Mixed Trends

New residential launches across the top eight markets dipped slightly by 2% YoY to 88,655 units. Growth was led by Chennai (+44%) and Bengaluru (+28%), while Mumbai and NCR saw sharp declines of 19% each, weighing on overall supply.

Price Growth Remains Broad-Based

Average residential prices rose across all markets in Q3 2025, led by NCR (+19%), followed by Bengaluru (+15%) and Hyderabad (+13%). Even with moderate sales growth, robust price appreciation points to sustained demand and limited immediate supply pressures.

Inventory Health Stays Stable

The Quarters to Sell (QTS) — a key indicator of market health — remained stable at 5.8 quarters, equivalent to less than 18 months of inventory. Unsold inventory rose 4% YoY to 506,400 units, but stable sales velocity over the past eight quarters indicates healthy absorption.

Notably, unsold inventory in higher ticket-size segments (above ₹2 crore) has risen faster than in the affordable categories, particularly in the ₹20–50 crore range where QTS stretched to 14.4 quarters, indicating slower absorption in ultra-luxury homes.

Market Outlook: Plateau Phase Likely Ahead

Shishir Baijal, Chairman & Managing Director, Knight Frank India, noted that India’s housing market is now in its fifth year of an upcycle, and the YoY growth rates are beginning to rationalise. He indicated the market may be entering a prolonged plateau phase, supported by stable macroeconomic conditions and evolving buyer preferences.

Financing innovations, subvention schemes, and fiscal incentives continue to channel demand toward higher-value segments, ensuring resilience even amid geopolitical uncertainties.

Also Read: Home Sales Up By 12% In India.

The post India’s Housing Market Sustains Growth in Q3 2025, Premium Homes Take Centre Stage appeared first on Square Feat India.

No change in property tax rates
For homebuyers, the tax burden on property remains the same. Affordable housing continues at 1% GST, under-construction projects at 5%, and completed properties remain exempt. This offers much-needed stability and avoids confusion for buyers planning their purchase.

Construction material becomes cheaper
The big relief is on construction inputs:

• Cement: GST slashed from 28% to 18% (accounts for 25–30% of construction costs).
• Marble, granite, stone bricks: Reduced from 12% to 5%.
• Steel: Remains unchanged at 18%.

These changes are expected to lower overall construction costs by 3.5–4.5%, improving project viability and potentially enhancing affordability if developers pass on the benefits.

Impact on housing categories

• Affordable and mid-income housing: Likely to benefit the most, with lower input costs encouraging developers to launch new projects.
• Premium housing: Reduction in marble and granite GST will particularly support cost efficiency here.
• Homebuyers: With no tax hikes and potential cost savings, buying decisions are unlikely to be deferred.

Overall, the reforms are being seen as a marginally positive step for the real estate sector—especially if the savings get shared with buyers.

Also Read: Homebuyers to Benefit as GST on Cement, Building Materials Cut From Sept 22

The post Cheaper Cement, Stable GST on Homes: What It Means for Homebuyers appeared first on Square Feat India.

India’s residential market is witnessing a clear shift in consumer preferences toward premium housing, with homes priced above ₹1 crore now forming 62% of all housing sales in H1 2025, according to JLL’s latest Residential Market Update.

Despite a 13% year-on-year (Y-o-Y) dip in H1 sales volumes, the second quarter (Q2) of 2025 posted a 7% rise in quarterly sales, reaching 69,530 units, signaling a strong mid-year rebound. The ₹3–5 crore and ₹5 crore+ categories emerged as fastest-growing segments, outpacing demand in the mass market.

India Residential Market Overview – H1 2025

Ticket Size Break-up: H1 2025 vs H1 2024

City-wise Residential Sales – H1 2025

New Launches: H1 2025

Despite slower overall launch momentum, premium housing launches surged, particularly in Chennai, Kolkata, and Bengaluru.

Capital Value Growth – Q2 2025

Expert Insights

“The steady growth in luxury home sales indicates rising buyer affluence and a focus on value-driven transactions. While sales in the ₹1 Cr+ category grew 6%, sub-₹1 Cr homes dropped 32% year-on-year.”
— Dr. Samantak Das, Chief Economist and Head of Research, JLL India

“Despite fewer launches, developers are aligning with premium demand. Launches of ₹1 Cr+ homes more than doubled YoY. Cities like Chennai and Kolkata led this transition.”
— Siva Krishnan, Head – Residential Services, JLL India

Outlook: Value, Affordability & Premiumization

The combination of a likely repo rate cut, easing inflation, and growing urban affluence is expected to support sustained growth in India’s housing market. While price appreciation may moderate, especially in the premium segment, demand for well-located, high-value homes remains resilient, particularly in Mumbai, Bengaluru, Pune, and Delhi NCR.

Also Read: Luxury Housing Unsold Stock Rises 10%.

The post Premium Housing Surges as Mass Segment Slows: 62% of India’s H1 2025 Sales Now Above ₹1 Crore appeared first on Square Feat India.

The project will include four 44-storey towers and a signature 60-storey tower, alongside a dedicated retail component, covering an estimated 12 lakh sq. ft. of RERA carpet area. Residences will include 2, 3, and 4 BHK apartments, ranging from 800 to 1,600 sq. ft., designed to meet the evolving needs of premium homebuyers.

Speaking on the development, Mr. Ashwin Sheth, Chairman and Managing Director of Ashwin Sheth Group, said:

“This strategic acquisition from MHADA represents a milestone in our expansion strategy. Goregaon West has emerged as one of Mumbai’s most promising residential destinations, and securing this prime 4.05-acre parcel positions us to deliver a world-class development that will set new standards for premium living in the western suburbs.”

Strategic Location and Market Relevance

Located in Siddharth Nagar, the project enjoys excellent connectivity to Mumbai’s key commercial zones, entertainment hubs, and infrastructure networks including the Western Express Highway, Link Road, and metro lines. The area is witnessing rapid appreciation in property values, driven by infrastructure upgrades and increasing demand from both end-users and investors.

This development reinforces Ashwin Sheth Group’s growing footprint in Mumbai and highlights its focus on the premium residential segment. With luxury housing in high demand across the city’s western corridor, this project is poised to become a landmark in Goregaon West.

Also Read: Ashwin Sheth Group Files FIR Against Reputed Developer Alleging ₹700 Crore Fraud

The post Ashwin Sheth Group Acquires MHADA Land in Goregaon West for ₹3,800 Cr Premium Residential Project appeared first on Square Feat India.