Indians are still buying homes, but they are paying a lot more for them. About 1,00,220 homes were sold across India’s top seven cities in July-September 2026, around 3% more than a year ago, according to property consultant ANAROCK. Over the same period, average prices rose 7% to ₹9,714 per sq ft.
Sales were also 10% higher than in the April-June quarter, a sign that buyers who held back earlier have returned.
Housing sales in numbers
- Homes sold: about 1,00,220, up from 97,080 a year ago
- Value of sales: ₹1.55 lakh crore, up 2%
- New homes launched: about 1,14,320, up 18%
- Unsold homes: about 6,30,590, up 12%
- Average price: ₹9,714 per sq ft, up 7% (from ₹9,105)
City by city
NCR (Delhi and surrounding areas) saw the steepest price rise, up 12% in a year. Bengaluru prices rose 8%, and sales there grew 12% to about 16,670 homes.
Mumbai Metropolitan Region stayed the biggest market, with about 31,750 homes sold, up 5%. Mumbai and Bengaluru together made up nearly half of all sales.
Hyderabad was the fastest-growing city, with sales up 15%. New launches there more than doubled, and almost all of them (97%) cost more than ₹80 lakh. Sales fell in the remaining four cities.
Too many new homes?
Builders launched more homes than buyers bought. With 1.14 lakh launches against 1 lakh sales, unsold stock has climbed above 6.3 lakh homes. By our calculation, that is about 19 months’ worth of sales at the current pace.
That does not mean prices will fall. But it does give buyers more choice and more room to bargain, especially in projects that are selling slowly. “Demand remains resilient, but buyers are becoming more selective as prices rise,” said Anuj Puri, chairman of ANAROCK Group, according to Outlook Money.
Most new homes are in the ₹80 lakh to ₹1.5 crore range (34%), followed by ₹1.5-2.5 crore (24%). Homes under ₹40 lakh made up just 14% of new launches, which shows how hard it is getting to find affordable housing in big cities.
Thinking of buying? Keep these in mind
Don’t rush. With so many projects available, compare at least three on price per sq ft, possession date and the builder’s track record.
Check the RERA website to confirm the project is registered and see its promised timeline.
Plan for higher interest rates. The RBI has just raised the repo rate. See how much more you could pay on your home loan EMI.
Bargain smartly. In slow-moving projects, ask for flexible payment plans, a free parking spot or waived charges, not just a lower price.
Data: ANAROCK, as reported by Outlook Money, The Hawk and Business Standard.
