The latest India Housing Report (September 2026), jointly released by CRE Matrix and the National Association of Realtors–India (NAR-India), highlights a stage of steady equilibrium across India’s residential real estate sector.
Following a period of rapid post-pandemic growth, primary residential sales across Tier-1 cities reached ₹3.63 lakh crore in H1 2026—maintaining a consistent level compared to H1 2025. This phase reflects a balanced transition from sharp capital appreciation toward volume-driven stability, healthy inventory choices, and steady regional performance.
Key Market Metrics: H1 2026 Performance
- Total Sales Value: ₹3.63 lakh crore (Stable YoY)
- Units Sold: ~2.58 lakh units (Slight shift of -2% YoY)
- New Launches: ~2.98 lakh units (+7% YoY)
- Average Ticket Size: ₹1.41 crore (+2% YoY)
Supply vs. Absorption Dynamics (H1 2026)
Launches [ █████████████████████████████ ] 2.98 Lakh Units (+7%)
Sales [ █████████████████████████ ] 2.58 Lakh Units (-2%)
The data shows a healthy stream of incoming supply alongside stable overall demand. With roughly 2.98 lakh new units launched against 2.58 lakh absorbed in H1 2026, the market offers a broader selection of choices and a predictable environment for prospective buyers and developers alike.
Key Trends & Regional Developments
1. MMR Maintains Strong Market Position
The Mumbai Metropolitan Region (MMR) leads the country in overall contribution, generating 26% of total housing sales value. Steady demand across mid-to-premium segments in areas such as Thane, Palghar, and Navi Mumbai continues to support consistent sales activity across the region.
2. Market Calibration in NCR and Gurugram
The National Capital Region (NCR) recorded a total primary sales value of ₹68,217 crore across ~24,600 units.
- Gurugram experienced a notable pricing recalibration, with average ticket sizes adjusting to ₹3.15 crore (compared to higher averages in H1 2025) as buyer focus aligned with more accessible supply in the ₹2–5 crore segment.
- Developer confidence in NCR remains active, reflected in a 10% increase in new launches to ~35,000 units.
3. Balanced Growth Across Southern Markets
Southern tech centers demonstrated continued expansion and value adjustment:
- Bengaluru registered a 25% increase in total sales value, supported by steady employment in the technology sector and strong demand for quality residential developments.
- Chennai achieved a 16% rise in sales value to ₹13,722 crore, driven by a higher concentration of premium developments that raised average ticket sizes by 32% to ₹1.31 crore.
4. Sustainable Demand Driven by End-Users
Nationally, average property ticket sizes grew by a steady 2% to ₹1.41 crore. The shift toward moderate price movements encourages healthy, end-user-driven participation, ensuring long-term market resilience supported by genuine housing needs and timely project delivery.
Regional Performance Overview
| Region | Sales Value Trend | Unit Volumes | Average Ticket Size | Current Market Profile |
| MMR | Consistent (26% National Share) | Steady | Moderate–High | High volume; sustained demand in mid-tier and premium segments |
| NCR (Gurugram) | Calibrated Activity | ~24,600 Units | ₹3.15 Crore | Product mix realignment; strong ongoing development pipelines |
| Bengaluru | +25% Sales Value | Active Growth | High | Solid end-user demand supported by economic stability |
| Chennai | +16% Sales Value | Moderate Volume | ₹1.31 Crore (+32%) | Premium segment expansion boosting overall value |
Market Implications
For Homebuyers
- Broader Options: A steady intake of new supply (+7%) provides buyers with diverse layout options, developer choices, and flexible purchasing timelines.
- Predictable Pricing: Moderate nationwide price growth offers a stable backdrop for evaluating long-term purchase decisions.
For Real Estate Developers
- Product Optimization: With ticket sizes stabilizing, focus remains on launching practical floor plans tailored to core demand segments.
- Structured Execution: Matching active launch pace (~2.98 lakh units) with steady construction milestones supports predictable project completion and cash flow management.
The September 2026 CRE Matrix & NAR-India Housing Report points to an orderly, well-balanced market environment. Combined with steady demand and expanding supply, the Indian residential sector continues to build a solid foundation for sustainable growth.