India Housing Sales Hold at ₹3.63 Lakh Crore in H1 2026 as Home Purchases Ease

The Indian residential real estate maintained its record level of total value sales for the first half of 2026, despite witnessing a slowdown in the buying rate amid consistent supply by the developers. 

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The total value sales of primary housing in tier-1 cities amounted to nearly ₹3.63 lakh crore for the first six months, remaining more or less the same compared to H1 2025. But the number of sales was down around 2%, totaling 2.58 lakh units, as per the India Housing Report released in September 2026 by CRE Matrix and NAR-India. 

New launches moved in the opposite direction. Developers brought nearly 2.98 lakh units to the market, an increase of 7% from a year earlier. 

Average ticket sizes also grew, albeit at a relatively slow rate. With an average ticket size of ₹1.4 crore, this represented a mere 2% rise in ticket sizes when compared year on year, which is the lowest rise in three years. 

The Mumbai Metropolitan Region was found to be the country’s largest housing market during the period, having overtaken the National Capital Region (NCR). The share of sales value by MMR was 26%, whereas that of NCR was 19%. 

Sales value of housing in the MMR region was around ₹93,800 crore, representing an 8% growth year on year. Sales volume rose 9% to 83,600, whereas average ticket sizes remained largely unchanged at ₹1.12 crore. 

Sales of housing in Bengaluru registered the highest growth amongst the major cities. Housing sales value grew 25% to ₹60,875 crore, with sales volume rising 7% to about 34,600. Average ticket size grew 17% to ₹1.76 crore. 

There was an increasing trend in the proportion of high-cost properties within the city housing mix. Properties costing between ₹2 crore and ₹5 crore comprised 41% of the sales value, up from 32% a year ago, whereas those with prices below ₹1 crore comprised less than 10%. In all, 47,700 units were introduced in Bengaluru, which is 22% higher than last year. 

As far as NCR was concerned, the sales value witnessed a decline of 24% to ₹68,217 crore. The number of transactions declined by 9% to 24,600, while the average ticket size reduced by 16% to ₹2.77 crore from ₹3.31 crore in H1 2025. 

Despite the declining sales numbers, developers launched 35,000 homes in NCR, the highest-ever half-yearly number reported in CRE Matrix’s dataset. The share of properties costing more than ₹5 crore comprised 45% of the sales value, down from 51% a year ago. 

The change was more pronounced in Gurugram. Sales value declined 33% to ₹37,726 crore, although the number of homes sold remained broadly steady at around 12,000 units. The average ticket size fell 32% to ₹3.15 crore from ₹4.65 crore a year earlier. Homes priced above ₹5 crore accounted for 52% of sales value, down from 66%, while the ₹2-5 crore category increased its share to 39%. 

Mumbai city continued to move towards higher-value housing. Primary sales rose 4% to ₹58,362 crore even as volumes stayed broadly unchanged at around 24,500 homes. The average ticket size increased 4% to a record ₹2.38 crore. Properties priced at ₹5 crore and above contributed 40% of the city’s sales value, compared with 38% in the previous year. 

A similar pattern was visible in Hyderabad, where sales value remained broadly flat at ₹56,966 crore despite an 11% decline in volumes to around 28,200 homes. The average ticket size increased 13% to a record ₹2.02 crore. Nearly 46,900 new homes were launched in the city, up 22% year-on-year. 

Chennai also recorded higher sales value despite fewer transactions. Sales rose 16% to ₹13,722 crore, while volumes declined 12% to approximately 10,500 units. The average ticket size increased 32% to ₹1.31 crore. Homes priced at ₹2 crore and above accounted for 44% of sales value, while the share of properties below ₹1 crore fell from 41% to 27%. 

Within MMR, Navi Mumbai and Raigad recorded one of the stronger performances. Sales value increased 29% to ₹12,292 crore, while volumes rose 20% to around 17,300 homes. The average ticket size reached ₹71 lakh, up 8%, and new launches climbed 29% to roughly 25,800 units. 

Across Tier-1 cities, the gap between the 2.58 lakh homes sold and nearly 2.98 lakh units launched was one of the clearer shifts during the first half of the year. While the overall value of housing sales remained close to last year’s record, transaction volumes softened as more new homes entered the market.